Quote:
Originally Posted by klaus
Dealing with gold and silver (along with other "investments") on a daily basis I am terrified that gold is a bubble that when it bursts will go down in flames faster than the Hindenburg. I submit to everyone my mall theory. When something is readily available at a mall kiosk it is time to run the other direction. To support this theory lets look at the bast few bubbles
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Not only that, but it has happened in the past. We are in an economic situation that is in many ways like the late 70s - fear of inflation, etc.
Gold hit, as I recall, into $800s in 1980 or so. Which was a bubble. The price collapsed after all the profit takers and speculators left, and it took decades to recover to that level again.
Adjusting for inflation, gold probably has never recovered to the 1980 price.