03-14-2011, 08:36 PM
The case that Gold is NOT a bubble
http://www.industrymailout.com/Industry/...&qz=ee153c
Lots of good info in here but a key paragraph is
http://www.industrymailout.com/Industry/...&qz=ee153c
Lots of good info in here but a key paragraph is
Quote:The increase in gold ownership from 0.2% in 2000 to 0.7% in 2010 is also misleading. If you consider the approximate $227 billion that was invested in gold bullion in 2000, that level of investment would have grown to $1.18 trillion, or 0.6% of financial assets, by the end of 2010 - based purely on gold appreciation alone.2 In other words, the actual amount of new investment into gold since 2000 represents only 0.1% of current global financial assets, or about $250 billion.