by AG Thorson
Gold Eagle
Asset bubbles are a repeating theme. In 2017, bitcoin entered a bubble driving prices from $1000 to $19,000. The recent Bubble in Tesla marked a rally from $70 (post-split price) to over $500 in less than 6-months. Our work supports a bubble in gold and precious metals later this decade. This article will explore the various aspects of a bubble and how one could prepare.
Below are the three ingredients often associated with bubbles.
1. A disruptive force that triggers speculation.
2. A believable story that gains mass appeal.
3. Widespread adoption and the fear of missing out.