[Professional]

Satire? Is that satire?

I think i’ve more than explained my case on why I think gold is a bubble about ready to burst.

If you want to debate my thoughts, or correct anything that is factually incorrect, by all means. Actually, that is the entire point of this post. I’m trying to evaluate my opinion based upon input.

[jiggyboy]

Let’s review why gold is not in a bubble:

- Nothing can be in a bubble unless it is well past the previous inflation-adjusted all-time high

- Gold regularly drops up to ten percent in three days or less and once dropped more than twenty percent nearly without a break in 2008. Bubble price action goes one way.

- In every case, gold “corrections” have taken weeks and months to recover. Bubble price action is exponential — not a grinding, grudging “recovery”.

- It is almost a commodity, yet supply is not readily available. That’s a supply shortage, not a bubble.

- Boiler-room companies (i.e. cash4gold) are begging the masses to sell to them, not to buy from them

- CNBC is still bashing goldbugs instead of worshipping them

- We haven’t seen a TIME or Business Week magazine cover with a cartoony John Q. Public engaging in borderline-sexual acts with Lady Liberty from the Saint Gaudens Double Eagle

- Nobody you know, knows what Lady Liberty from the Saint Gaudens Double Eagle looks like

- Hollywood hasn’t yet made gold-related TV shows, movies, etc.

[editor-surveyor]

" I’m trying to evaluate my opinion based upon input."

Then try this input:

Obama has to print 5.3 trillion dollars to cover all the spending committments he has made - What will that kind of inflation do to all commodities?