Gold Prices Have Spiked Before

Kaizen Wealth Managment — Mon, 18 Oct 2010 15:24:55 +0000

With economic and market uncertainty on the mind of investors, gold prices have rallied from $450 to over $1,300 in the last 5 years. But, unlike most commodities, gold has no true economic value beyond niche products such as jewelry, therefore the driver in its price is what the next person is willing to pay for the shiny yellow metal. This is impossible to predict. While gold could certainly climb higher in the near-term, history suggests caution as gold has fallen just as rapidly as it has recently risen.

Source: J.P. Morgan

Bubbles…Is Gold next?

Kaizen Wealth Managment — Tue, 08 Dec 2009 16:25:12 +0000

The WSJ recently published a chart that we thought was worth examining, and then noting here. The chart draws an excellent comparison between the recent surge in gold prices to previous bubbles of the last decade, giving us a cautionary perspective for those pouring money into gold today:

Kaizen Wealth Management » Gold

Gold Prices Have Spiked Before

Bubbles…Is Gold next?