the fact is , people are investing their money where they think they will have the best return on investment on it, a real bubble is formed when the mass (those who usually are not investors at all begin investing in the HOT SPOT) enter the game
real estate have played that role for a long time , until we reached the bubble status which can t be measure whit a 200 ma but how people who just can t afford to buy it were doing it anyway.
the bubble in 2000 whit the techno was the exact same thing , it reached the bubble status when mr anybody was openning an account and bought ANYTHING that have something to do whit techno, then they used margin to buy more and this is where the bubble was reached its real status .
we are nowhere near this for gold , average joe is not even aware that he can buy gold and silver.
one day average joe will buy gold and silver , a lot of new resalers are going to appear, when average joe will use his credit to buy gold and silver and when lot of them will remortgage the house to do so , then we will reach the bubble status,
we are far from there and between now and then i predict we will see wild swings in the gold and silver prices because this is where people will feel that there is money to be done , nothing can stop the mass to dream of something , they dreamed about tech, they dreamed about real estate , now the gold is the dream that is taking form , before it happen there is money to do, a lot of money , they key is to be disciplined enough to get out before it burst , the challenge is not to predict where the money will flow , we know where it will , the challenge is to get out in time
glta
dmaster