Hello all!
I have had several interesting conversations about metals with random people in the past month concerning metals. It seems the average persons view of metals is it is a bubble. The view is metals, especially gold, are a bubble and will crash in price soon
First what is a buuble? Here is an excellent, albiet wiki, article on economic bubbles: http://en.wikipedia.org/wiki/Economic_bubble
The biggest reason, in my opinion, for bubbles is the herd mentality. For there to be a bubble in the metals, you would need a large majority of the population hyped up about them. How many people do you meet think metals are a good purchase? Personally, I have had a lot more people ask me about the Facebook IPO. Amusing article where a guy tried to sell an ASE for 5-10 dollars on the street:
http://www.sovereignman.com/finance/why-were-nowhere-near-the-mania-phase-in-precious-metals/
I have had several interesting conversations about metals with random people in the past month concerning metals. It seems the average persons view of metals is it is a bubble. The view is metals, especially gold, are a bubble and will crash in price soon
First what is a buuble? Here is an excellent, albiet wiki, article on economic bubbles: http://en.wikipedia.org/wiki/Economic_bubble
The biggest reason, in my opinion, for bubbles is the herd mentality. For there to be a bubble in the metals, you would need a large majority of the population hyped up about them. How many people do you meet think metals are a good purchase? Personally, I have had a lot more people ask me about the Facebook IPO. Amusing article where a guy tried to sell an ASE for 5-10 dollars on the street:
http://www.sovereignman.com/finance/why-were-nowhere-near-the-mania-phase-in-precious-metals/
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