Benefiting From A Bubble

Investments analysts like me who have been saying that gold is a bubble are having to answer some challenging questions. One reader asks that you said that gold was a bubble at 12,000; now it’s at 28,000 and you’re still saying that it’s a bubble. I don’t actually understand the logic—if I believed that gold was a bubble at 12,000, then I can hardly think that it isn’t

This article was originally published on September 14, 2011.