"...the "Long Boom" enjoyed from 1982 to 2000 may have discounted tech-stock earnings until A.D. 2146 on the Nasdaq index, but it failed to abolish the threat of instability in Europe and the United States. At least, that's what the Gold Market has been saying since the current surge got under way in mid-2005. And just as the famous "End of History" proclaimed by Francis Fukuyama in 1989 proved to be merely a weekend vacation during the mid-to-late 1990s, so the "Death of Gold" announced by historians, pundits and analysts at the very same time has proved somewhat premature.
Of course, investors joining this bull market now should beware of repeating their error. But if deciding to Buy Gold feels at all hard today, it might suggest the top of this market remains a long way off yet.
And for as long as Bloomberg columnists argue that buying gold is like "believing in the tooth fairy," you might also take comfort in the fact that mainstream consensus is still opposed to gold.
Notable Quotes
"GRG has an exciting high-grade silver discovery and just released an NI-43-101-compliant resource estimate with 105 Moz Ag eq." (5/17/13) Golden Arrow Resources Corp. - The Gold Report Interview with Thibaut Lepouttre More >
"THO's Escobal remains on budget and on schedule; its progress is encouraging." (5/10/13) Tahoe Resources Inc. - Chris Thompson, Raymond James More >
"We reiterate our Outperform rating on P and it remains one of our top picks." (5/10/13) Primero Mining Corp. - Shawn Campbell, Macquarie Capital Markets More >
"DGC is attractively priced and should outperform its peers." (5/10/13) Detour Gold Corp. - Brad Humphrey, Raymond James More >
"Lead, zinc and gold factor heavily into the economics for MAG's Juanicipio silver project." (5/14/13) MAG Silver Corp. - The Metals Report Interview with Brent Cook More >
Twilight of Gold? Not Yet.
Source: Hard Assets Investor, Seeking Alpha (10/15/07)
...if deciding to Buy Gold feels at all hard today, it might suggest the top of this market remains a long way off yet...
More Experts
"ATY absolutely has potential for further discoveries at El Roble." (5/10/13) Atico Mining Corp. - The Gold Report Interview with Paul Harris More >
"OLE has the single largest set of deposits in Senegal, a country where gold mining is growing." (5/13/13) Oromin Explorations Ltd. - The Gold Report Interview with Peter Grandich More >
"BRD's Grey Fox continues to return high-grade gold results." (5/9/13) Brigus Gold Corp. - Eric Winmill, Casimir Capital More >
"We currently have a Buy recommendation on PVG." (5/8/13) Pretium Resources Inc. - Ash Guglani, Salman Partners More >
"NGC will solidify its position as having the most advanced and economically robust graphite project out there." (5/8/13) Northern Graphite Corporation - Kiril Mugerman, Industrial Alliance Securities More >
The Gold Report