The same was said @ $350 an ounce......back in 2001. Yes, it will drop eventually. I witnessed the 1980 gold opportunity from the sidelines....
This rush is different. Bad news fuels the rise in price and bad news stretches as far into the future as I can see....local, state, national and world wide.
I love the “the gold bubbles gonna burst” crowd. Ive been reading those comments for the past 2 years. Hilarious!
Gold will eventually come down but like cbkaty says, this economy is a mess and there is nothing going on today that says that will change any time soon. And how bout our rapidly increasing debt? Nothing is being done. NOTHING! So keep up on that bubble talk........