David Morgan: Gold Not a Bubble and Why

Demand for Wealth Preservation Ensures Gold’s : Silver Investor Blog

Gold will continue rising in value over the coming years for one reason: The primary buyers are purchasing physical gold for wealth preservation, and there simply isn’t enough physical gold to satisfy their appetites. The recent pullback was by no means the bursting of the gold bubble. Bubbles are characterized by months of extended exuberance and consistently higher highs—not the two- and three- hundred-dollar corrections we’ve seen twice in the past few weeks. Such pullbacks are healthy as they indicate gold has much, much farther to go.

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