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Has gold peaked?

Robert Wiedemer

Aftershock Investor Book

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Video Transcript

Yes, I think that people are looking for something, not only to protect themselves, but something that will go up significantly. Let's face it, any asset those goes up 300% in ten years has done pretty well already. People are definitely excited more so than ever before about gold. Again, when I wrote, "America's Bubble Economy" in 2006, you had some people interested in gold, tend to be a fringe element. 2009, it's changed completely. You're not getting everybody, but you're getting large elements in the traditional investor very interested in it. I think that's going to continue. I think people like to see the upside. I think people are seeing the upside. The big issue have, of course, is... has gold peaked, it's up so much has gold peak? Interestingly, when stocks go up 300-400 percent, they never ask that question. There's that natural bias that well stocks, because they reflect a good economy of course they will go up, because they're just reflecting a good economy. People are worried. Well, if you're right and gold goes up another 300%, doesn't that say something bad about the economy? In a sense it does, but it also says something very, very good about gold, is that, I think. it will go up and it hasn't peaked. Again, gold has been a pretty benign environment it has almost been a negative environment for the last 10 years, if you really think about it. When that fear starts to rise, I think, we're going to see more and more really started to kick off in 2008. When the fear starts to rise more and more, gold is going to soar. Yes, there are going to be some problems in the economy, but as an individual, why don't you take the first step forward, protect yourself, and make some money on it, and invest in gold. That's what I'm doing.

Related quote from his book:

"As demand continues to rise for Gold, and then rapidly rises when the other bubbles pop, the price of gold will shoot up. The rising gold bubble is your very best bet for profits during Bubblequake and Aftershock." (AFTERSHOCK, page 137)