Negative connotations are often associated with the term "bubble" in the context of the gold market, but several commodities analysts have asserted that it can in fact be a good thing.
Referring to George Soros' suggestions in January that gold was the ultimate asset bubble, Jeffrey Nichols, managing director of American Precious Metals Advisors and an adviser to central banks and mining companies, said that provided the bubble continues for some time, the Gold Price could rise significantly.
He told Bloomberg: "Perhaps Soros thinks gold is going to bubble but the bubble is going to last for a while and he wants to profit from it. We could have a bubble but gold can reach $2,000 or $3,000 before it's over."
The profitability of a gold bubble is something Charles Morris, of HSBC Global Asset Management's Absolute Return Fund in London, which aims to provide capital growth via a portfolio of global equities, bonds and alternative assets, agrees with.
He told the news provider: "I absolutely believe it's heading into a bubble, but thats why you buy it. A bubble is good."
Mr Morris went on to say that Gold Prices could rise as high as $5,000 over the next five years.
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