I would think the exact opposite of this. Gold, from my perspective, is at absolute peak hype. You have Glen Beck and a thousand infomercials selling gold to the most absolute novice of investors at this point. Everybody and their mom has heard about gold's rise in value recently and "safety" from every imaginable financial disaster.
Maybe I'm seeing things from a skewed view point, but from where I sit, gold is the absolute ultra-hyped fad investment right now.
While I'm by no means an expert, the parent is talking about people actually buying it (e.g. houses up until very recently), not talking about buying it (as, he argues, is now the case with gold).
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I would think the exact opposite of this. Gold, from my perspective, is at absolute peak hype. You have Glen Beck and a thousand infomercials selling gold to the most absolute novice of investors at this point. Everybody and their mom has heard about gold's rise in value recently and "safety" from every imaginable financial disaster.
Maybe I'm seeing things from a skewed view point, but from where I sit, gold is the absolute ultra-hyped fad investment right now.
While I'm by no means an expert, the parent is talking about people actually buying it (e.g. houses up until very recently), not talking about buying it (as, he argues, is now the case with gold).