{"id":12096,"date":"2011-08-26T15:42:41","date_gmt":"2011-08-26T10:12:41","guid":{"rendered":"index.php\/2011\/08\/26\/gold-bulls-and-bubble-dynamics\/"},"modified":"2011-08-26T15:42:41","modified_gmt":"2011-08-26T10:12:41","slug":"gold-bulls-and-bubble-dynamics","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2011\/08\/26\/gold-bulls-and-bubble-dynamics\/","title":{"rendered":"Gold bulls and bubble dynamics"},"content":{"rendered":"<p>The last bull market in gold began in 1971 with US president Richard Nixon\u2019s closing of the \u201cgold window\u201d and ended in a euphoric blow-out 10 years later. Buying gold in its last parabolic surge proved to be a disastrous decision as the yellow metal then entered a 20-year bear market in which its real price fell 80 per cent. A house can be lived in. Corporate stocks generate dividends. Gold generates nothing and therefore cannot be valued in its own right, only as a measure of revulsion towards other assets. Rather than being a store of value, it is doomed to obey bubble dynamics. When bubbles burst, they usually return to pre-bubble valuations. In 2001, gold was no higher in real terms than in 1972.<\/p>\n<p><a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/ba41ac4c-ce78-11e0-b755-00144feabdc0.html#axzz1W7xTcBB5\">Source<\/a>.<\/p>\n<div class=\"zemanta-related\">\n<h6 style=\"font-size: 1em\" class=\"zemanta-related-title\">Related articles<\/h6>\n<ul class=\"zemanta-article-ul\">\n<li class=\"zemanta-article-ul-li\"><a href=\"http:\/\/www.businessinsider.com\/wells-fargo-gives-three-reasons-why-gold-is-not-in-a-bubble-2011-8\">Wells Fargo Gives Three Reasons Why Gold Is Not In A Bubble<\/a> (businessinsider.com)\n<li class=\"zemanta-article-ul-li\"><a href=\"http:\/\/www.zerohedge.com\/news\/gold-down-further-2-%25E2%2580%2593-chorus-%25E2%2580%2598gold-bubble%25E2%2580%2599-callers-out-force-again\">Gold Down Further 2% &#8211; Chorus of &#8216;Gold Bubble&#8217; Callers Out in Force Again<\/a> (zerohedge.com)<\/li>\n<\/ul>\n<\/div>\n<div style=\"margin-top: 10px;height: 15px\" class=\"zemanta-pixie\"><a class=\"zemanta-pixie-a\" title=\"Enhanced by Zemanta\" href=\"http:\/\/www.zemanta.com\/\"><img decoding=\"async\" style=\"border-bottom-style: none;border-left-style: none;border-top-style: none;float: right;border-right-style: none\" class=\"zemanta-pixie-img\" alt=\"Enhanced by Zemanta\" src=\"http:\/\/img.zemanta.com\/zemified_e.png?x-id=2b3c6789-f3c7-4b81-a5b5-6a3000ce4f39\"><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The last bull market in gold began in 1971 with US president Richard Nixon\u2019s closing of the \u201cgold window\u201d and ended in a euphoric blow-out 10 years later. Buying gold in its last parabolic surge proved to be a disastrous decision as the yellow metal then entered a 20-year bear market in which its real &hellip; <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[13],"class_list":["post-12096","post","type-post","status-publish","format-standard","hentry","category-your-money","tag-gold","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/12096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=12096"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/12096\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=12096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=12096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=12096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}