(Information via http://wealthcycles.com/)
En route to $1,760 gold, many naysayers have responded with calls of a bubble. Some have impatiently exited the market, moving to cash, or back into the heavily manipulated stock market.
One of our favorite things to do is put things in a historical perspective. To that we present this chart:
Even after gold hit $1,722 (on yesterday’s close), the present is just a molehill when compared to the bubbles of yesteryear.