this is from gene arensberg:

With gold printing new all time highs in the $1,280s and silver testing new multi-decade weekly closing highs above $20.70 this week, can it be any more natural for people to be warning us that both precious metals are in a bubble?

From our perspective, the people doing the warning about gold being in a bubble are the same ones who told all of us that gold was not a worthwhile “investment” because it cost money to store and it doesn’t earn any interest or dividends. Now that gold has been above $1,000 for a year we believe those calls by the anti-gold babblers are a form of “metal envy.” We cannot wait to see what they are saying when gold clears the next $100 or $200 or $300 or $500 hurdles as it almost assuredly will before this Great Gold Bull breathes its last.

The gold bubble babblers expediently overlook the biggest bubble there ever was or probably ever will be in our lifetimes – that, of course, is the massive, unprecedented overprinting and horrible, immoral competitive dilution of all fiat currencies by governments.

http://www.gotgoldreport.com/2010/09/got-gold-report-uncharted-waters-for-gold.html