gold, page-77715

Dude, all I am saying is that the herd are in an irrational mindset where they expect to make stratospheric returns no matter what the situation.

There comes a time to hunker down and preserve capital. I never see Goldbugs advocating for anyone to go 'all in' chasing returns that may prove illusory. Rather, the idea is to use a mitigation strategy of diversifying as much as possible, to cover all eventualities. This would necessitate a mix that includes physical PM's.

I don't advocate the 'borrow and bet' strategy of going all in on property or stocks just because of FOMO when it is percieved that everyone else is making a killing.

This is probably the worst era of irrational exuberance in history. On one hand you have the global economy going to hell in a handbasket, on the other hand you have investors running full tilt into the burning building.