Comments on: Roubini’s “Huge” Gold Bubble Versus Rogers’ “Old High” Gold $2,000 http://dailyreckoning.com/roubini%e2%80%99s-%e2%80%9chuge%e2%80%9d-gold-bubble-versus-rogers%e2%80%99-%e2%80%9cold-high%e2%80%9d-gold-2000/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sun, 27 May 2012 05:05:27 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: oldbill http://dailyreckoning.com/roubini%e2%80%99s-%e2%80%9chuge%e2%80%9d-gold-bubble-versus-rogers%e2%80%99-%e2%80%9cold-high%e2%80%9d-gold-2000/#comment-37216 oldbill Thu, 05 Nov 2009 14:08:03 +0000 http://dailyreckoning.com/?p=19835#comment-37216 If most of the gold were held in the hands of individuals and not collateral for the loan that bought it, then it is not a bubble. Unfortunately, most gold, for delivery, is held in Central Bank vaults and is collateral for multiple socialist schemes. Individuals just don't own enough deliverable gold to make a difference in the long term price. Adjusted for a dollar that has lost 95% of its value since 1913, gold is fairly valued at $450 an ounce ($20/0.05 = $400. Adjusted for the 10% nip in 1913, $400/0.90 = $444). By my meager investment understanding, gold is trading between two and three times its fair value, just like houses in 2007. That's a bubble. If most of the gold were held in the hands of individuals and not collateral for the loan that bought it, then it is not a bubble. Unfortunately, most gold, for delivery, is held in Central Bank vaults and is collateral for multiple socialist schemes. Individuals just don’t own enough deliverable gold to make a difference in the long term price.

Adjusted for a dollar that has lost 95% of its value since 1913, gold is fairly valued at $450 an ounce ($20/0.05 = $400. Adjusted for the 10% nip in 1913, $400/0.90 = $444). By my meager investment understanding, gold is trading between two and three times its fair value, just like houses in 2007. That’s a bubble.

]]> By: Guilhem http://dailyreckoning.com/roubini%e2%80%99s-%e2%80%9chuge%e2%80%9d-gold-bubble-versus-rogers%e2%80%99-%e2%80%9cold-high%e2%80%9d-gold-2000/#comment-37189 Guilhem Thu, 05 Nov 2009 10:31:16 +0000 http://dailyreckoning.com/?p=19835#comment-37189 When Roubini will put his money where is mouth is... we shall see. For now, as far as I know, he gives advices and sells them but not sure if he runs an investement firms and/or publishes a track record like Jim Rogers... to be frank, i rather follow Mister Rogers than Mister Roubini... When Roubini will put his money where is mouth is… we shall see. For now, as far as I know, he gives advices and sells them but not sure if he runs an investement firms and/or publishes a track record like Jim Rogers… to be frank, i rather follow Mister Rogers than Mister Roubini…

]]> By: NewTV.com http://dailyreckoning.com/roubini%e2%80%99s-%e2%80%9chuge%e2%80%9d-gold-bubble-versus-rogers%e2%80%99-%e2%80%9cold-high%e2%80%9d-gold-2000/#comment-37184 NewTV.com Thu, 05 Nov 2009 09:06:20 +0000 http://dailyreckoning.com/?p=19835#comment-37184 A gold bubble? And, how many americans own any gold at all? 1%? When 30 or more % of americans own a bit of silver and gold, maybe we can talk about a bubble. A gold bubble?

And, how many americans own any gold at all? 1%?

When 30 or more % of americans own a bit of silver and gold, maybe we can talk about a bubble.

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