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...

"...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.

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