The recent drastic drop in the price of gold had some calling that the gold bubble popped. However, the numbers do not indicate that.
The chart above shows that only 1% of all financial assets are in gold. Whereas in the 1970's when a real gold bubble hit, 26% of financial assets was in gold. This tells me that gold is not in a bubble. If anything, the price of gold still has a ways to go UP.
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