Sunday, January 27, 2013

Gold is in a bubble that is set to burst!



"Someone with “perfect foresight” should have foreseen that the process was not sustainable and that an implosion was inevitable.
—Charles Kindleberger
Gold is in a bubble that is set to burst.
   I sit and write this without a clue as to whether we've reached the top in gold or whether we're getting ready for a parabolic rise. All I know is that gold is in a bubble, gold prices will come crashing down, and many people will lose a lot of money. I write this book after a year of intense analysis of gold, commodities, emerging markets, the dollar, and the stock market. After carefully, meticulously, and thoroughly analyzing gold prices since the  1800s, inflation trends, fundamental stories, chart patterns, investment behavior, news coverage, and a nearly endless amount of  information  from  stock  prices  to  economics  to  psychology— I  boldly  and justifiably  claim  that  gold  is  in  a  bubble  that  is  ultimately  due  to collapse and severely hurt the average investor.”

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