Is gold in a bubble?
02.06.2010
Gold has been climbing all decade long, but throughout its ascent, it wasn't until earlier this year that I first heard gold's remarkable performance described as a "bubble". Financier George Soros used that term in a seemingly disparaging way, but interestingly, we subsequently found out that he actually owned gold and expected it to climb higher. Then last week in The Wall Street Journal, Brent Arends asked whether gold is "the next bubble?" I have now seen the "bubble" term used a third time. In an article in this week's Barron's, the author states: "The gold bubble
could continue to inflate."
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