By: Bryan Beatty | May 15, 2009 | Bad Products & Services, Investment Performance
I watch too much TV that is for sure. I am positive the most often run commercial is for gold. Why is that even important? I think that is a fair question. I want you to think back to the last time everyone could make money in real estate was the most aired commercial. One of the most popular TV shows was "flip this house" (2006) .
Look where our housing market is today. Think back to all the commercials in 1999 about day trading. One particular commercial is one where a tow truck driver picks up to a "Yuppie" who’s "Beemer" is broken down on the side of the road. The "Yuppie" comments on a photo of an island on the visor and asks "Vacation?" Answer: "No that’s mine I bought it?" Response " Well why do you drive a tow truck?" Answer: " I like to help people."
I believe that was an E-trade commercial. So, what’s my point? If it seems that it is what everyone should be doing and it is so easy to make money doing it then it is clearly a bubble. Grant it a bubble can grow quite large. Money can still be made but the risk is very high. Beware of the enticement of gold.
One Response to “Gold”

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John Burke
May 20th, 2009 at 9:58 am
Gold is in a bull market, bull markets often go to
the inflation adjusted high of the previous bull
market. Gold would have to go to $2500 per oz. adjusted for inflation to equate the last bull market high $850. It is most likely to early to be talking bubble.