Is gold overvalued? i think YES!!

pRE CONDITIONS FOR A BUBBLE:

• Easy credit conditions
• A significant trend-breaking event
• The lack of plausible valuation measures
• An appealing story

Lending is still weak but crucially interest rates are low. That helps given that gold has no yield; In effect, the opportunity cost of holding gold has disappeared

Gold has no valuation issues (no yield or earnings); Since people hold it as a store of value, it can be worth whatever they want it to be worth.

And it has a plausible backstory; Spendthrift governments are monetising their deficits like the Weimar Republic before them