The last bubble

[solomon]

It just occurred to me that the last bubble could well be gold, because it looks like the penultimate bubble is cash (fiat currency).

Does anyone have an opinion?

Is it conceivable that there could be a bubble (in financial assets as opposed to real assets - like food), if the cash bubble continues to grow and then pops which will start the gold bubble?

Now that I think about it, this is probably just a new ay of stating what the goldbugs have said for ages - but it is a nice way of saying it.

 

[sinner]

You must have been living in a bubble if you didn't already realise gold was in a bubble since 1974 (or earlier, depending on your buggishness) :

It's just there aren't any/many things can stop the inflationary nature of fiat currency.

 

[surfingman]

I wouldn't say its the last bubble, even if it does burst the money will need to be shifted somewhere else and this will create another series of bubbles.

POP......

 

[Dowdy]

US bonds are in a bubble and when that goes so goes the US dollar and gold will soar

 

[Nick Radge]

I agree with Dowdy.

Interest rates....

....is there ever a last bubble?

 

[So_Cynical]

I'm with Dowdy and Nick...all the evidence points to the obvious.

 

[tommymac]

I looked at Bloomberg for the US Treasuries. A 12 month bond is yielding 0.52% and 5 year 1.96%. These won't beat inflation.

The 10 and 30 year bonds aren't much better but may beat inflation.

 

[surfingman]

Feb. 7 (Bloomberg) -- The U.S. Senate is slated to vote early next week on an economic stimulus package totaling at least $780 billion that President Barack Obama said is needed to prevent the economy from sinking into a deeper recession.

US Treasuries may be getting a whole lot cheaper.

 

[GumbyLearner]

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