Gold: Bubble or Fortress of Capital? A Look Behind the Scenes of Financial Markets
While many economists deem gold an overvalued asset, what truly transpires behind the closed doors of major financial institutions? We delve into gold's intrinsic worth.

The Golden Paradox: Bubble or Strategic Investment?
In the world of financial markets, where opinions change faster than windy days, there will always be someone who "knows everything." Today, the fate of gold as an investment asset is actively discussed. Many prominent economists claim that there is a "bubble" in the precious metal market and its price has already reached its peak.
Among those expressing such opinions are well-known Western economists like Nouriel Roubini, as well as analysts from major banks and other widely cited sources. Their statements often create a certain sentiment in financial markets, influencing investor mood.
Expert Opinion: Whom to Trust?
Without diminishing the professional merits of these specialists, it's worth noting that analysts are prone to error, and sometimes they may voice untruths or half-truths to serve their own interests. Therefore, relying entirely on anyone's opinion in the market, including your own, is not always wise. One should primarily trust their own intuition, backed by thorough analysis.
However, not all analysts are equally useful for understanding the real situation. There are specialists who possess a deep understanding of the global financial system and the specifics of the gold market. They are capable of providing accurate long-term and medium-term forecasts.
True Gold Market Experts
These individuals have decades of successful trading and forecasting behind them. Some of them actively worked with gold as early as the 1970s, when the precious metal market was just forming after the abolition of the fixed price. Their experience and knowledge make their opinions especially valuable.
- Джим Синклер (Jim Sinclair)
- Мартин Армстронг (Martin Armstrong)
- Альф Филд (Alf Field)
- Джим Роджерс (Jim Rogers)
The comments of Jim Sinclair, who amassed a billion-dollar fortune in the gold market, carry significantly more weight than the statements of most widely cited and titled analysts. Unfortunately, his website is only available in English: jsmineset.com.
Actions Speak Louder Than Words: The Strategy of Major Players
The most important principle in investing is to follow not words, but real actions. Moreover, these should be the actions of those who possess true influence and significant resources in the global financial system. It is crucial to track where they direct their financial capabilities.
There is a group of major players in the market who possess higher quality and more timely information, as well as administrative and media resources. They operate significantly more effectively than most other market participants.
| Category | Names |
| Major International Banks | J.P. Morgan, Goldman Sachs, Deutsche Bank, HSBC, UBS |
| Successful Hedge Fund Managers | John Paulson, Paul Tudor, Jim Rogers, David Einhorn, Eric Sprott |
All these influential players have one thing in common: they are either the largest dealers in the gold market or extremely successful managers holding significant metal reserves. Their consistent interest in gold undoubtedly points to a deep understanding of its strategic value.
Historically, the gold market is primarily formed in London, Zurich, and New York. Consequently, most of the key experts in this market are concentrated in these financial centers.
Gold Market Manipulations: The Example of George Soros
The behavior of players like George Soros is highly indicative. He has repeatedly publicly stated about 'the blowing up of the ultimate speculative bubble in gold,' which often deterred many potential investors.
However, a recent report from his investment fund for Q4 2009 showed that Soros had doubled his gold positions. This is a vivid example of how statements from well-known players can contradict their real actions, often aimed at manipulating investor sentiment for their own benefit.
In this instance, 'verbal interventions' were used to lower the price of gold and acquire it more cheaply. All major market players regularly resort to such tactics.
Gold as an Investment Priority
That is why it is important to carefully track not the statements, but the actual actions of the largest players in the gold market, specifically — changes in their trading and investment positions. This helps to see the true picture.
Our observations confidently confirm that gold, as an asset, remains at the very top of the list of investment priorities for the world's wealthiest individuals. This underscores its role as a key strategic investment, not just a 'bubble'.