Bubble?

Maybe, but we're still a long ways away in my opinion. The commercials right now I believe most people dismiss. Just like the other infomercials out there at 3am.

However, I believe once inflation does start to rise, and people realize that gold/silver is actually a valuable asset to own rather than dollars, then thats when the mania phase will start.

You have to remember, alot of people are still brainwashed into the federal reserve notes as a sign of wealth. That mentality will persist for a while, even when the dollar index continues its drop.

^ indeed, and unfortunately its usually older folk that are not all that well informed selling their old gold jewelry just to make ends meet. Dont' know how some of them sleep at night.

One thing to note. The housing bubble was in a big part caused by people thinking there was no end in sight to the good times and economy. Too many people buying what they couldn't afford to begin with and banks loaning to people that shouldn't have gotten loans.I don't see people buying gold and silver with money they don't have like when housing was booming, so that's a plus. But the one thing I do is warn people not to think you can't go wrong with PM's..and I see that repeated often enough to feel a little more comfotable.

Gold isn't going up; the dollar is going down. The only bubble we're currently in is the dollar bubble. Endless Treasury purchasing and loaning cash to banks for 0.5% interest is pumping up the stock market, and encouraging the consumer to believe some sort of recovery is underway. Now the U.S. is at the point of no return in terms of debt, and the leaders are squabbling over whether to trim 30 or 40 billion. This is equivalent to 1% of the current year's budget or 0.3% of the total national debt. They are unable to resolve this issue and are threatening to shut down the government. So as of now, there is no hope of them EVER reducing the national debt again. Seems like many are worrying about the price of gold in dollars, when they should be worrying about the price of dollars themselves.

As for gold commercials and the like, I see many of them, but mostly on cable news and financial channels. At this point precious metals discussion has gone from being conspiracy fodder to CNBC discussion. It still has to get to NBC Nightly News, Local News, and the officer water cooler until I'd think its gone mainstream. The coin community has always had an interest in bullion. I'm hard-pressed to find anyone else I know buying silver or gold right now.

Agree with westsea. The bickering over the tiny cuts in the budget is equivalent to couple of months of interest. It is definitley a vicious cycle that will be very very hard to overcome. Unfortunately, the measures that are needed will spell absolute disaster for the political party that puts them in place.

Everything else right now are just temporary band aids. And the low quality ones at that.

I have so many friends that could afford to buy gold,and I have been working on them for the last 5 years to get into gold and silver but they all tell me their financial"advisers" tell them gold is a dead end,it doesn't pay dividends! I have shown them the dollar loss in value,the increases in gold prices related to the dollar and they just look at me like I am conspiracy theorist or something. Most people have been sold on the stock market as the only way to make money so gold will NOT hit bubble conditions until there is another significant stock market"correction" as gold continues to increase in value. Once that happens,mania phase will set in and gold will go to $5000/oz.

what about the AUD dollar?............it's heading to bubble land........