I don’t think gold is in a bubble but I don’t think $35/oz should be used as a base price because it was an artificial price.
In the early 70s the US went off the gold standard the price jumped to $200/oz almost overnight. Very insightful, and is a step in the right direction to getting a definitive answer to my question. These guys are just desperate not to lose all that money they’ve accumulated. So they’ll fight the lawsuit in court and try to settle. It’s because all the other options have become worse. I think Bloomberg has.. Read More