In the last decade precious metals have had a long run-up in price with a gain of more than 300%. However, analysts and investors are starting to wonder if the gain will continue or if the bubble has burst. In a story from the Los Angeles Times a group of financial advisors discuss their views on investing in gold. One advisor stated “Our bottom line is this: Gold is a bubble now, and it is too late to get in. It is like someone who bought real estate in 2006, at the height of that bubble. You could get hurt really badly.” Billions of dollars have flowed into gold investments in recent years primarily due to concerns over the economy. The dollar and the federal budget deficit have also fueled the trend. Another advisor stated ”Gold is one of those things that pops up in times when there’s uncertainty and crisis, but when it pops, it is too late to get in.”
In a previous post we mentioned how a drop in the price of gold could effect how much you get when you sell your gold for cash. To ensure you’re getting the most for your gold, Gold-Cash recommends contacting us today before any possible future decreases in the price of gold leaves you with less cash for your gold.
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Truly, it is almost impossible to get in. But with the low rate in price of gold now, I am beginning to wonder myself . What next?
Gold is already going back now. There hav been a monopoly on gold for years. I think Gold is back to where it use to be.
Gold (and more important silver) are going to go WAY UP over the next 2-5 years. Gold bubble? Are you kidding me? No one owns gold yet. It will be years before anyone has to worry about a gold bubble. Get in now, gold is still cheap.
Well I bought some few months back when it was 1144 then I got on the internet a few hours later to find it went down to 1120! I was irritated although I know it will go up in the long run so I’m not worried about it.
These people don’t even know the definition of a bubble in economics. Its impossible for gold to bubble because it is real money. Its just responding to the relative value of the dollar.
When you look at how much gold is in the world vs how many people want it, there simply isn’t enough to go around and that ENSURES the price will remain high long term
Gold is still affordable now. I am afraid there will come a time that only those in government can afford it.