JudeJin

Gold: The Only Remaining Bubble?

99% of investment professional i talk to don't believe in gold story. they don't understand gold is the true store of wealth not only in time of crisis like this, but also through ages and across borders.

Rockefeller was believed to have 1 billion dollars, which was 1600 tons of gold in his time.

buffett's wealth in year 2000 could buy around 3000 tons of gold, but now only around 1000 tons.

i wish rockefeller preserved his wealth through gold, so he could beat buffett even today!

Gold: The Only Remaining Bubble?

a lot of ratios still says gold is very cheap.

my prediction for you americans is when gold peaks this time around, average US salary will buy less than one ounce of gold because you guys are jobless!

the total market cap of all of gold mines listed in the US is around 150 billion dollars. they almost control all of the gold resources in the world. 150billion dollars is a drop in the bucket.

Gold: The Only Remaining Bubble?

consumables don't preserve value in the long run. just imagine hundreds of years later, when all the crude oil is depleted, crude oil will be worth nothing. the same for copper, coal and other consumables. but gold will be around for another 5 thousand years as long as the earth is inhabited by billions greedy and stupid human beings!