Unfortunately, wifey is in bad shape yesterday. The very reason I let her sleep early. Since I’m alone to watch television downstairs, I decided to sit in front of my computer and surf the web. It’s more fun than watch television all by myself.
Anyway, one of the things that struck my attention is gold being the next bubble product. As you can see I’m always interested to buy gold coins. I’m just waiting for the right timing and resources. But, are we really approaching a gold bubble? According to some experts this is not true.
It is true that gold is receiving special attention from investors since last year. That interest even intensified when it hit all-time highs. But, even if that is the case, we are far from approaching a gold bubble.
Since the turn of the century, the United States experienced tremendous inflation and recession where there is depreciating currency, real estate crash and rising unemployment levels. Of course, most investors have fled to gold to protect their investments. That is no wonder.
Now that gold has once again soared, mining companies are back in the game and moving at full speed exploring 20-30 year-old deposits with new technology as well as exploring untouched deposits. Some investors believe that as we see the billion baby boomers grow up, get married and start investing we will see gold consumption increase even higher. As far as the gold rush coming to an end, it’s something that we probably won’t see in the near future.
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