Marc Faber : " No, gold is not in a bubble. It wasn't in a bubble in 1973, either, but it still corrected by 40% then. I don't believe gold is anywhere near a bubble phase. A bubble phase is characterized by the majority of market participants being involved in a market space. I saw a gold bubble in 1979–1980, when the whole world was dealing—buying and selling gold 24-hours a day, globally."
" No. If you went to an investment conference in 1989, 90% of the people
there would have told you they owned shares in Japanese companies. In
2000, 90% of them would have said they owned NASDAQ shares. Only about
5% of the participants at an investment conference today would tell you
they own gold. Very few people in this world own gold.
I don't believe that we're in a bubble." - in theaureport