notice that most of what you are referring to is people SELLING their gold
aren’t most financial bubbles about people BUYING an asset class?
and, if you investigate the outfits buying the gold and what they are up to, you will find that the sellers are receiving about 60% of what their gold is actually worth
if anything, perhaps it is another stupidity bubble – people being duped to sell the only real store of value they own at a ridiculous discount right before the item they are selling increases in price by several hundred percent
