Gold is in a bubble based on purchasing power. Think of Buying a decent men’s suit, shirt, shoes, tie, etc as the rule of thumb purchasing power of 1 oz of gold. This has been roughly so for the past century. However, at $1500 an oz, we are way out of that territory.
Buy it as a safeguard, if you want, but not as an investment.
I wonder what would happen if more gold was sold then actually existed? As I understand it, not everyone that buys gold takes possession of it, so it is possible the same gold is sold over and over again.
Or if a dishonest organization purposely sets out to defraud someone else by selling gold they do not have.
I see a lot of post by those that would encourage people to buy gold, why is it so important for these posters to convince us it is such a good thing?
Since I do not know the answers, I will (continue to) not buy gold.