I don’t even know why we are having this conversation. It is beyond ridiculous. Gold went up 25 times in the 70s. In the last 10 years it is up nearly 5 times. Quite the bubble if you compare that to the Nasdaq, Housing, and even Oil, which was up nearly 15 times from 1998 to 2008.
John Paulson is having trouble getting a lot of money for his Gold fund. Very interesting considering Paulson’s history and the fact that Gold has been up for 10 years. Crowded trade my ass!
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