Mark McHugh

Gold Bubble May Be Coming to an End

The only reason you wouldn't want to hold at least some gold is that you don't believe the dollar will ever reach it's intrinsic value of nothing. The fiat currency trick never lasts for long, because sooner or later, somebody can't resist the urge to print their way out of trouble (like now).

The government can print enough money to fill the grand canyon, but they could not fill an Olympic swimming pool 18" high with all their gold (if they actually still have it).

I would define a "bubble" as anything that's perceived value is far greater than it's actual value. The real bubble is those things in your wallet called US dollars.