Gold Can’t Be in a Bubble Because It’s Gone Up So Much

Please listen to this clip and tell me I heard this right. Beginning at 5:13, the guy says that gold isn’t in a bubble because — are you ready? — it’s gone up so much.

I’m not kidding. He really says that: “I’m getting kinda sick of the bubble chat because it’s an absurd conversation. OK. Look at what gold has done! You would have massively outperformed over an extended period of time at a lower volatility. That’s a good investment.”

Now if you’ll excuse me, I’m going to light myself on fire.

Posted by on August 24th, 2011 at 7:12 pm


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