Now's the Time to Bet Against Gold

Nothing loves disaster more than gold prices. Thanks to the unspeakable devastation in Japan, gold prices rose once again today, and investors have high hopes that they'll just keep on rising for the foreseeable future.

Just look at that chart above. That's ten straight years of rising gold prices—from less than $300 an ounce in 2001 to more than $1400 an ounce today—with only a couple of small bumps along the way.

Now's the Time to Bet Against Gold

A 500% gain in a decade! It's a can't-miss investment! Buy buy buy! Things that go up can only keep going upwards, more, forever! You're actually losing money by not buying in! Put the earth's exploding population and natural disasters to work for you! Why, the last time we saw prices rising so high so fast was... during the housing bubble!

Short gold now*. It's bound to crash. It's just physics, people.

*Don't take investment advice from some blog.

[Charts via (1) and via (2)]