Sorry, real estate is a classic super bubble. Are we richer? The purchasing power of my $ is declining rapidly. Why do you think the smart money is buying gold lately??
The average American thinks like you. So they are NOT buying gold. But gold is rising since May 2001 and in a true bull market. So, who is doing the buying you think?
Please tell me what the intrinsic value of the US$ is; if you have a printing press and enough paper you can create it indefinitely!
Nobody else buying gold? And, why are Asians -and others- accumulating gold lately? Are you telling me that they don't know what they are doing?
yea, but spend your $'s quickly because it won't take long and you have to pay twice as much "paper" for it.
I'd say a majority are Asians. I didn't say no one else was. And they're buying gold for a number of reasons - not the least of which is a technical push to see how far you can get it to go (which would be "greed"). I'm not disagreeing with the commentary regarding the falling dollar. Just don't be so quick to point to gold when you want to prove Greenspan's worthlessness.