12 Reasons Why Gold is Going Higher
[Whatever you want to] call it – a bubble, a frenzy or a mania – there seems to be a large number of voices in the marketplace who just are not fans of gold, whether prices are moving up, down or sideways [but] the reality is that gold doesn’t possess the traits necessary for a financial bubble to form. [In fact, the current worldwide economic and fiscal environment suggests that gold will go even higher. Let me explain.] Words: 2368
So says Frank Holmes (www.usfunds.com) in an article* which Lorimer Wilson, editor ofwww.munKNEE.com, has further edited ([ ]), abridged (…) and reformatted below for the sake of clarity and brevity to ensure a fast and easy read. I have added 15 hyperlinks – yes, 15! - to other articles to support and expand upon Holmes article to make it the most comprehensive of any such article to be found anywhere. (Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.) Holmes goes on to say:
Naysayers started calling gold a bubble back when prices hit $250 an ounce and though gold’s bull market has tossed and flung the bubble callers around for almost a decade now, their voices have only gotten increasingly louder as prices broke through $1,000, $1,200 and now [almost] $1,500 an ounce. [In fact,] however, gold prices appear asymptomatic of the signs generally associated with financial bubbles.
12 Reasons Why Gold is Not in a Bubble
The reality is that gold doesn’t possess the traits necessary for a financial bubble to form. Rodney Sullivan, co-editor of the CFA Digest, has done some great research on the history of markets and bubbles going all the way back to the 1600s. He discovered three key patterns in the 47 major financial bubbles that occurred over that time period, namely: ......
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