SPDR Gold Trust (ETF) (GLD)

Unemployment, means no demand for gold. High unemployment means sale of consumer gold that would be otherwise held for life. You cant do much with it..

The gold price has been proportionally consistent with the price of oil for the past 60 years. Since oil is trading at a smaller percentage of the gold price than it has historically, gold must be overvalued by at least $400. It's not a question of if the gold bubble is going to burst, it is a question of when.

a bubble ready to pop.

Hype due to dollar devaluation/inflation fears. Don't think inflation will be a problem due to current employment/wages. Poeple follow the pack.

the buck will strengthen and gold will prolly fall back to $900 - $950 by Janurary 010

Higher gold price anticipated in the prices of gold stocks - profit taking expected, but long term, I like the metal.

Purely a contrarian punt. Everyone and their uncle is long of gold right now, it's one of the most consensus trades you'll ever see. I understand the reasoning (both fundamental and technical), but there is still a case for deflation - even Goldman Sachs think deflation remains the concern rather than inflation - and whenever 99% of people agree on something, usually the upside/downside is better on the other side of the trade.

Everyone is now bullish! We are close to a top!

Gold is an overhyped commodity. If you believe the US dollar is doomed to fail, there are much better hedges. This bubble is going to burst.

only GLD same size of all swiss gold.
gold production is only 2600 ton a year do the calul your self.

here we go again

Obviously my down thumb came too early in this gold bubble we're seeing, but longer term (3-5 years) my thumb remains. I think price per ounce will be back down at least 700 or below within a few years. Retail gold bugs are coming out of the woodwork right now following China, etc, and the stock market will be higher in 3-5 years relative to gold.

Gold is the last of the big bubbles (nasdaq, housing, oil/commodities) and like the others it will pop too.

Bubble Checklist:
(1) Prices rising at an unsustainable and historically high rate? Check. (Gold has gained 17% annualized over the last 7 years).
(2) Rampant TV ads urging you to buy into the bubble? Check.
(3) Story about how THIS time things will be different? Check. (hyper-hyper inflation OMG!)

Keep in mind that gold also tends to underperform the market over long periods of time. Even from 1971-present (which includes a period of really high inflation at the beginning and a bubble at the end) gold has only gained 8-9%. Compare that to the historical averages of the market (9-10%) and consider gold's recent price action and I think you'll understand it's not likely to be a better investment than the market over time.

The economy remains weak and I think the dollar will fall rather slowly for the time being. More thoughts on my blog: http://caps.fool.com/Blogs/ViewPost.aspx?bpid=242894

Gold prices will be pulling back shortly, as soon as the big money starts selling and putting money back into the market.

Historically gold has not beaten the S&P 500. Gold is not a creator, but merely a store of wealth.

This won't beat the S&P 500 in the long-term.

I think gold is a big bubble. I might be wrong, but you won't see me buying gold at these prices.

When most of the people are bullish on gold that is when the gold bubble will burst, just like the oil bubble, just like the housing bubble, just like the credit bubble, just like the tech bubble, and just like the tulip bubble. NO BUBBLE can last forever. Remember that.

The gold glut must come to an end. Gold is a "safe haven" investment, not an anti-inflationary one. (If you want inflation protection, you should be buying TIPS).

Gold bugs have thrived during the crisis, but over the long term gold prices will come back to earth.