Nouriel Roubini is among the numerous analysts who have been calling gold a bubble in recent weeks (I too am in this camp though I became cautious on the yellow metal 10% higher). Today’s chart of the day comes to us courtesy of Todd Harrison at Minyanville. According to Todd, gold might be in a bubble, but if that is the case it could have substantial upside from here. A quick comparison of gold with previous bubbles shows that the recent run-up is literally nothing in comparison to some of the great bubbles of the last decade:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.