richardhutnik on 16 April 2013
| Kasz216 said: No one said gold doesn't have bubbles. Just that gold is resistant and will never be worthless and always retain some value. Don't be shocked if gold recovers actually fairly quickly. Afterall the silly rise of Bitcoins more or less shows how much people trust paper currencies now. |
I am not going to say that tangible assets, as opposed to paper ones, don't have value. Just gold is made out to me some sort of universal place to park results of financial transactions, in order to make sure you are safe. But, what I see is people merely drive the price up and make it a bubble, as about anything else. Even real estate, which has more real value, can be subject to the bubble nature. There is this distortion that goes one the moment it starts to get hyped up.
