i dont think so...

why

because there is a question mark? because of the demand from india and reserves of central governments

considering the scarcity of resources and hedging need

what's your opinion, Jerry?

it's not a bubble now,but don't mean it won't be a bubble in the future.In my opinion, anything has the potential to be a bubble.

for people,sometimes they may lose their head to chase something with incredible price,which exceeds its value.