Wednesday, May 8, 2013
Gold Bubble & Price Collapse
Jacobs, Yoni, Gold Bubble: Profiting from Gold's Impending Collapse, New Jersey: John Wiley & Sons, Inc., 2012, pp257. Hardback. Dustjacket.
This is relatively new hardback book that I've borrowed from the downtown main branch of the National Library Board yesterday.
The gold bubble, like any other investment bubble, is about to burst sometime in the near future, or has it already burst in the month of April 2013? What do you think?
A 20 percent or more decline in price over a short period of time usually signals the beginning of a bear market which may take several years to run its course. The last bear market took gold from US$875 an ounce in 1980 to US$275 an ounce in 1991, over a period of twelve years.