Many investors have talked about a «gold bubble» by arguing that gold prices are inflated because of inflation and the Fed's money policy and that once interest rates rise, the money supply will contract and gold will fall, but again, nobody can say with any reasonable accuracy what
the fair value of gold at any given point is.
Not exact matches
The change in allocation was triggered by a severe undervaluation
of gold vs its
fair value, given the economic situation, and by a change
of momentum in
gold's pricing,» says Ferrario.
So perhaps the
fair market
value of Bitcoin could be something like $ 2,000 per Bitcoin in analogy with the
gold mining.
But to come up with an estimate
of gold's
fair value, they calculate a ratio
of gold to inflation going back as far as they were able to obtain data.
The
Gold Delta Skymiles card offers a
fair amount
of value for Delta Airlines fans and considerable perks, including one free checked bag per trip, priority seating and discounted SkyClub access.
To be
fair, the
value of the world's mined
gold dwarfs bitcoin at approximately USD 7.5 trillion, but
gold and bitcoin may be more acceptable opponents than bitcoin and the dollar.