[quote=Arraya]Allan-Gold is not bubbling yet, IMO. It decoupled from commodities in the fall and is now PROVEN as a safe haven along with US treasuries. And yes, it’s perception, but a universal one now, that you can deduce from recent behavior. Like a global economic/fiat stress meter. The meme is out there. The treasury safety perception won’t last because our economy is falling to fast with no end in sight. People need something to grab onto and there is no other deal in town today.
Don’t fight the herd, follow it and leave first.
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Arraya, that’s my plan exactly. People assume because I am a gold bug that I plan to cling to my bullion until the day I die, stroking it in my bunker. But that’s not the case at all. There will, without question, be a gold bubble, because people by and large simply do not think for themselves or pay attention to patterns and trends around them. By the time they recognize the existence of the bubble, the bubble is ready to burst. By the time they realize their fiat is utterly worthless, they will be flocking to gold and paying ridiculous sums, just as they paid ridiculous sums for rapidly-appreciating homes. But there is no bubble in gold yet. When my hairdresser starts recommending Philharmonics over Kangaroos while I’m getting a trim, THAT’S when I plan to get out. Until then, I intend to enjoy the ride to the top 🙂
