So George Soros and Warren Buffett say gold is the ultimate bubble?

There are many meanings to the word "bubble", but obviously they are speaking here of an economic bubble: "a situation where market prices are unsustainably high". It's very difficult to contradict these financial gurus even though they are likely speaking for effect rather than out of some profound belief. I am sure they could argue circles around me on this, even supposing there were a situation where they would deign to debate such an issue.

However, I would change "has no real value" to "has no real utility", because to me, its value is just that, its current market price. As a good or marketable substance, I agree that its uitility is marginal outside of the economic/financial sphere. Within that sphere, though, it is gigantic and therein I take issue with their (self-serving) comments.

For us mortal men (and women), I say then that gold is not a bubble, ultimate or otherwise. During our life terms, I do not doubt that gold will continue to be a highly sought after good. Yes, the paper currency price can flucuate wildly, but I say gold is several orders more stable in value than paper currency. Perhaps this comment is running out of wind, because the picture is really vastly more complex when one considers the properties of physical gold vs virtual gold, etc etc and what are we really talking about?

For me, I would take all the physical gold I could afford off Messrs Soros and Buffet's hands! That is why I'm invested in GNH and look forward to finding the pot of gold at the end of the rainbow!

Best wishes & a great Tuesday to all GNH longs!

Orange Flash