Those were not my two 'sound financial conditions' - they were the opposite - unsound financial conditions. The bubbles happened because tons of capital chased unsound business models like unprofitable web businesses and mortgage securities based on inflated housing prices sold to people who couldn't afford them. Tons of capital chasing unsound business practices produces bubbles that pop. How does that relate to Gold currently? What is unsound about the capital piling into gold when the dollar is losing value and inflation has soared?