访谈录 2010-09-18&09-20 金子也不安全？

（单词翻译）

So you are drawing quite a bleak¹ picture, you've talked about the deflationary environment. Is there anything that's safe? Any assets?
This is a period of great uncertainty², so nothing is very safe. Gold?
Well, gold is the only actual bull market currently, just made a new high, uh, I think yesterday. And the present circum-stances that may continue. It will be very interesting to see whether there will be a decline in the next few weeks because practically everything that makes a new high almost immediately afterwards reverses and disappoints the bulls. That's ... For psychological reasons, you think? No, I think it's the current situation, uh, so it will be interesting to see. But I called the gold  the ultimate bubble, which means that it may be going higher but it's certainly not safe and it's not going to last forever.