Gold was at $1000 3 years ago. It is now at 1380. How is that parabolic? Parabolic is something like oil going from $50 in 2006 to $146 in 2008, or the nasdaq from 1998 to 2000. Not going up 10% per annum for 3 years.
In 1930 an ounce of gold would buy 222 loaves of bread. Today, an ounce of gold would buy 459 loaves.
Would that be cheapy Wonder Bread or some other loaf that actually has "substance and nutrition" to it?
I think we can all agree that there is price volatility for all goods and services. So gold and model-t's and loaves of bread and men's suits and on and on........All will have different relative prices to gold throughout time. Your anecdote about gold/ford doesn't tell much of a story, IMO.
My definition? I cant very well make up my own definition of word to suit my purpose. (Unless I was a democrat). My definition is the dictionarys definition. http://dictionary.reference.com/browse/bubble an inflated speculation, esp. if fraudulent. a sudden, small, temporary change or divergence from a trend: A gold bubble that people are saying we have, mets neither criteria.
There were huge market crashes that year that severely affected prices of things. Cant use that data.
Right, so your definition is the dictionary's definition. That's good to know. This naturally raises the question, how do you know we're not experiencing an "inflated speculation" in gold at the moment?
People who bought stock in 1927 never got break even in their lives again. And you are comparing the gold now with these days ? You got to be kidding me. So you're long on gold hugh ?! Better reverse it, economics are better in Europe/Asia and USA. Gold will crash.