Many in the media want to be the first to call Bubble, it makes them a more trusted source, it can lead to lucrative book deals & speaking tours. Today, some of the best most trusted in business media at CNBC tried to predict a Gold Bubble. George Milling-Stanley of the World Gold Council, was emphatic we are not in a Gold Bubble.
He also debunked a popular myth that as the Dollar declines gold prices rise. While, this is a trend, it is not the total story for gold pricing. China, India, and Central Banks have all placed pressure on the price of gold based on increased demand. Finally, for the mom & pop investor gold has a long way to grow so get in. Watch the entire interview: CNBC What’s Next for Gold?