"Like every bubble.. it becomes more risky when
a> the asset in question increases in value at an accelerated rate and
b> people refuse to acknowledge that it is a bubble.. and can not contemplate the price ever falling again
Refer to previous housing bubbles. where the argument was 'but they're not making any more land?!?'"
Perhaps the bubble was fiat money and Gold is the island of sanity?
how will money prinintg affect the gold price, page-7
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