Jim Rogers, legendary commodities investor and guru, spoke in Prague about 2 weeks ago to 300+ money managers.

They took a poll, by pressing buttons, not a raise of hands.

“How many of you have EVER owned gold?”

Answer? 24%

76% had NEVER OWNED GOLD!

So, is gold in a bubble? Give me a break. Look at that statistic again. These are people who manage enough money that collectively they could move the gold market significantly, in the short term at least.

Maybe, maybe, gold could be considered in a bubble if 76% now owned it. But would you say stocks are in a bubble if 76% owned stocks? Not likely.

The gold market is minuscule. If many individuals, percentage wise, all of a sudden decide to buy just 1 or 2 ounces a piece; you would see gold shoot to the moon.

If gold does go into bubble territory, though, you want to consider (do your own due diligence) being invested in Canadian junior mining stocks in addition to gold itself.

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