We’re in the TULIP phase of the gold run up.
And I ain’t selling either.
Like with most bubbles there is a convincing rationale at the beginning for investing in it. There is a convincing case to be made for a coming massive inflation, and not just in regard to dollars. In all currencies.
But often when something becomes a sure bet it’s time to make sure that you know where the exits are. That doesn’t mean it’s time to leave yet. Markets can be irrational far longer than you can stay solvent if you bet against them.