---
title: "Giddy Gold Bugs"
url: https://independentstockanalysis.com/giddy-gold-bugs/
description: "One mainstream journalist at a leading publication asks: “ Why has gold lost its shine? This precious metal has fallen in value and analysts are puzzled”…"
published: 2012-09-04
updated: 2012-09-04
---

# Giddy Gold Bugs

Published 2012-09-04

Posted on

by

J.J. Butler

One mainstream journalist at a leading publication asks: “Why has gold lost its shine? This precious metal has fallen in value and analysts are puzzled” at the [Guardian](http://www.guardian.co.uk/money/2012/aug/31/gold-lost-shine-value-fallen).

Meanwhile, the gold bug community is downright giddy short term after a long and brutal consolidation. The long term fundamentals have never been brighter either.

The precious metal surge and breakout by [Tim Iacono](http://seekingalpha.com/article/842551-bernanke-speaks-precious-metals-surge?source=email_macro_view&ifp=0).

Get Ready for Take Off! by the [Aden sisters](http://www.kitco.com/ind/Aden/20120823.html).

Chartology: Silver (SLV) Breakout at [See It Market](http://www.seeitmarket.com/chartology-silver-slv-breakout/).

Moody’s downgraded its outlook on the European Union at [Reuters](http://www.reuters.com/article/2012/09/03/us-eu-ratings-idUSBRE8820OF20120903). Gold is always the last man standing.

Ron Paul has been preaching about the reserve currency for decades: [Straight Talk](http://www.paul.house.gov/index.php?option=com_content&view=article&id=2008:how-long-will-the-dollar-remain-the-worlds-reserve-currency&catid=64:2012-texas-straight-talk&Itemid=69).

From A billionaire’s bet on inflation – Frank Giustra interview at [Mining](http://www.mining.com/web/video-a-billionaires-bet-on-inflation-frank-giustra-interview/?utm_source=digest-en-mining-120903&utm_medium=email&utm_campaign=digest):

“…when it was trading under $300 an ounce. Ten years later and with gold now priced over $1600/oz., it still occupies the largest percentage of his investment portfolio, and his views remain the same.

In discussing gold during the interview he said, *“I believe it’s going a lot higher…it’s going to have a parabolic spike, caused by some event or some loss of confidence…a US dollar crisis would be a perfect example. That will cause gold to go through the roof, and then everybody will want to own it…I don’t think we’re even close to that yet…Gold will probably have a much greater run than some of the other hard assets–because it’s also a currency.”* (19:16)”

FWIW, a link for real time precious metal prices to put in your favorites: [Kitco](http://www.kitco.com/market/).