April 19, 2010
– Comments (2) |
RELATED TICKERS: AUY
My thoughts on the cries of 'bubble' concerning gold. I welcome all constructive, informed criticism.
It's not a bubble until there is a mania going on. I hardly call this a mania and actually think its just the tip of the ice burg.
I am, however, in gold miner stocks pretty heavily. I think once their earnings come out, it will be very good considering the price of gold vs the price to mine it. (Disclosure: In ABX, NEM, GDXJ)
Gold will outperform most investments and is almost a sure bet as long as these morons stay in power and keep increasing gov't.