My Metal Motivation: Why Gold Is Here To Stay

October 8, 2011

'B' is for 'Bubble'

The word ‘Bubble’ is brought to you by the letter ‘B’.

These are the words of an anonymous critic on my facebook stream, confident that gold is in a bubble destined for collapse. I have taken to occasionally posting the spot gold price to keep it in my readers’ consciousness. My most recent post drew criticism for expressing continued support for gold despite its $375, 20% tumble of late September, 2011. My critic continued:

Havent you learned your bubble 101 from the 08 collapse? … Not quite sure your metal motivation, but it is obviously a freight train that cannot be stopped.

My critic studied business, works in finance, and follows the stock market. I studied mathematics and I’m a lawyer. I have no formal training in either economics or finance. I do not follow the stock market. Yet, I have positioned myself so that I must justify my continued support for gold. Have I learned my bubble 101 from the 2008 collapse? You tell me.  Read the rest of this entry »