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Bloomberg is a stooge for the Saudis in his push for the victory mosques. Americans who watch TV and Hollywood’s crap are drooling idiots enabling Obama. They are in for a a real shock when they are coughing up feces for what he has panned to destroy America.

Read the posted comments after the piece. One person is concerned with the possibility of confiscation a la Roosevelt. A very legitimate concern, IMO.

However, also IMO, a LOT of Americans are not so trusting of the government as in 1930. This time around, I believe a lot of us realize that after gold and silver confiscation, will come guns. IOW, if they come for your gold, you may as well rebel then, ‘cause it will be either serfdom or rebellion afterwards. Take your pick.

Any assets is NOT in a bubble if the inflation comes soon enough.

Thus had the inflation come soon enough, there would have been no 2005-2007 housing bubble nor a housing market crash. The inflation would have made the housing prices correct. If the inflation comes soon enough, then the current price of gold or maybe even a higher price will be supported.

On the other hand if the Fed continues to hold the line on inflation and the Congress reins in spending, then there may in fact be a decline in the price of gold. Asset values depend on what will be the price of the asset in the future. Inflation causes future asset prices to rise. If the inflation expectations are met, then the asset price stays about the same. If the inflation expectations are surpassed, the asset price rises further. If the inflation expectations are not met, then the asset price will fall and someone is likely to use the pejorative term crash.

I think we have been in a fiat currency bubble for the past several decades and the price of gold simply reflects that bubble. The big question is, what happens when/if the fiat currency bubble pops? Nothing good to be sure. One can assume that, should that bubble begin to seriously deflate or even collpase, empires would collapse with it and, since the PTB i.e. governments and banking empires sustained through the fractional reserve lending system, can’t allow that to happen, it seems logical that we can anticipate continued inflation which translates into increasing asset prices i.e. increasing gold prices.

Bernanke, Geithner, Paulson, Lloyd Blankfein, William Dudley, Gary Cohn, Jamie Dimon, Kenneth Chenault, John Mack and others represent a graver threat to our freedoms, to the sovereignty of our nation, and to the viability of our republic than the combined forces of ChiComs, Russians, and Iranians. The fractional reserve lending system

There is a permanent solution that will put an end to the bankers hegemony and control over our government and economy:

The immediate and total abolition of the Federal Reserve system and a return to a legal, transparent and sound monetary policy.

And a cautionary reminder for the Jeffersonian in all of us these days -

"Banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations will grow up around them, banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Thomas Jefferson in the debate over The Re-charter of the Bank Bill (1809).

"Let me issue and control a nation's money and I care not who writes the laws." - Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild.

Gold is definitely not in a ‘bubble,’ but that doesn’t mean that it won’t fall sharply at some point after the deflation part of the inevitable sovereign debt crash sets in.

That will affect its dollar exchange value, but probably not its intrinsic value. IOW, it will continue to purchase the same amount of goods, but at a lower dollar price.