Jonathan Hoenig - Gold Bugs May Get Squashed
[I don't necessarily agree with the article, but with so many gold bugs here I thought they'd find it as interesting as I did, plus I do like the author.]
It's hard to imagine the public's view on precious metals back in the early 2000s, back when companies like Sun Microsystems, and InfoSpace still dominated investor attention, oil traded at $30 a barrel and gold wasn't only unfollowed by most, but unknown altogether.
Over the course of the following decade, the entire asset class transformed. Gold (and gold stocks) soared, turning a onetime investment backwater into the market's most sought after asset. Gold has now been up for 11 years in a row.