Is Gold a Bubble (2011 Edition)
April 28, 2011 at 18:27 PM EDT
You think? Here’s some perspective: history, demand and supply. Brief history of gold price: Gold had sold for $35 an ounce, then shot up to $675 during the last bubble, peaking in January 1980. (I’m using monthly averages throughout this article.) That’s cool, buying at $25 and selling at $675. However, as gold was shooting [...]