Gold: A Glimmer of Hope or Fool’s Paradise

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Varun Walia

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Sep 24, 2011, 11:50:46 AM9/24/11
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Gold: A Glimmer of Hope or Fool’s Paradise

It’s a general tendency to be temped to buy something that has more than quadrupled in past ten years. People around the world are chasing the gold glitters, as the prices are soaring higher. But, is it a bumpy ride, or there is something special about this yellow metal?

What people don’t understand is how an investment bubble can trap them? Take a look back and see what happened to tech bubble at the start of the millennium and then to the realty bubble very recently. Gold is no exception, it is rising in a similar fashion, and without a doubt I can say that the very basis of this rise seem flimsy.

Gold: A Glimmer of Hope or Fool’s Paradise
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