A diary of the thought process behind my investment decisions
Sick Of Hearing About Gold
Everywhere I look I am seeing articles about gold and hearing lofty price targets. This is typically seen very late in a trend. I would not be surprised to see a short term top. I don't invest in commodities and am wagering exactly $0 on this.
It's cheap relative to prior peaks (inflation adjusted) in an an enviroment of competitiive currency devaluations. I hear more chatter about it being overdone than I do of people hyping it. I see at least another 50% upside, but it will have huge draw downs on the way there.
5 comments:
GOLD
I got a chuckle out of this because the ad at the bottom of the post as viewed through my RSS feed was for buying Gold.
gold = real estate.
is a bubble but could go up 2x before all said and done.
It's cheap relative to prior peaks (inflation adjusted) in an an enviroment of competitiive currency devaluations. I hear more chatter about it being overdone than I do of people hyping it. I see at least another 50% upside, but it will have huge draw downs on the way there.
people who are sick of hearing about gold are those who don't own any.
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