Gold's no bubble - here are some real bubbles
Anyone who still isn't convinced that gold is not in a bubble might like to look at this chart of the gold price in context next to some real bubbles.
Earlier, I explained why we don't think the gold price has yet moved into bubble territory. You can read all about it here: Why gold is not in a bubble.But anyone who still isn't convinced might like to look at the graphic below. It puts the gold price into context next to real bubbles. The implication? There is a long way to go before gold hits the kind of levels that should make you want to sell.
Chart courtesy of Business Insider
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Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).
After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times
Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast - but still writes for Moneyweek monthly.
Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.
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