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I don't know if it makes a difference, but I can't help but notice that the authors of that article are also brokers of precious metals.

And that their conclusion is to buy gold.


you have just identified the tacit predominating them of metar posts

the last bubble was housing; the next one is gold and bonds

the housing bubble broke about four years after it logically should have (in 2004, I thought, this can't go on much longer, and from 2005 on, my bubble calls are WELL documented on the Real Estate Investing Board), so the next bubble will probably feature irrational extremes far beyond what we would otherwise imagine, exactly like RE did

metar provides an excellent venue for spectators watching the current bubbles as they unfold, because we get access to the inner thought processes of the bubble participants: the gold and bond buyers themselves

the driver of these bubbles is psychology, not valuation, and ever higher prices of the bubbly objects only reinforces that psychology, which is why the scope of the irrationality is indefinite
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