Spouting About Bubble Spotting

Posted in Uncategorized - 15 October 2011 - No comment

Pfft… people are saying gold is in a bubble. Well let’s see – which would you rather own, US treasuries or gold? Jim Grant said “Treasuries = Return Free Risk”. (I suggest you read that twice!) I guess you could say the same thing about gold but here’s the crucial difference: even if they are both in a bubble then after they crash, if you held treasuries you would be left holding a worthless piece of paper, but with physical gold you would left holding… er… GOLD!

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