Is Gold The Next Bubble?
I've been doing alot of research on buying gold and silver and based on what i'm seeing i'm wondering if the gold bubble might not be the next thing. Everyone is talking about gold and to a lesser extent silver. Gold has taken more and more of investors portfolios but lately we're seeing some cracks in the portfolio armor that gold used to provide. Gold has twice recently crossed $1400 per ounce but traced back to the mid or low $1300's. As interest rates rise, deficiets decrease and hopefully the money supply reins in we could see gold losing some of its luster as an investment. For this reason i'm going to look closer at silver which has more industrial applications and is used up when consumed vs gold which can be stored and melted down and has no industrial use beyond computing.
posted by beer234 @ 2:25 PM
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