If Gold Is A 6000-Year Bubble, Then What Is This?

Dear Willem Buiter: If Gold Is A 6000-Year Bubble, Then What Is This?  (ZeroHedge, Dec 4, 2014):

Citi claims gold is a 6000-year-old bubble, perhaps Mr. Buiter has not seen this chart?

gold-bubble

…and funny how Mr. Buiter never wrote any extensive essays about the bubbleness of Citi at any point between 1995 and 2007?

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“A friend asked me to choose one investment that I would want to leave to my great-great-grandchildren. I immediately answered that it would be gold coins. The reason I explained is as follows – corporations can disappear, stocks can collapse, governments can change and they can fall, booms and recessions come and go – but gold is intrinsic money, and no man or nation has ever doubted its value. And they never will.”

Richard Russell

“Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.”

Alan Greenspan

Source: The Burning Platform blog, and Bullion Management Group

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