Gold and ‘Irrational Exuberance’

Up she goes, where she stops, nobody knows

Discovery Alert graphic

Investment mania are normal occurrences. So are panics and crashes. The only question is in the timing of the tipping point. That is something that no one can predict but it may be worth recalling the words of an early Rothchild when asked about how he became so rich: “Always selling too soon.” The words may be worth recalling at …