Extraordinary Popular Delusions And The Madness Of Markets

[Taipan]

Extraordinary Popular Delusions And The Madness Of Markets

How bubbles form and why. Vancouver is at the top of your bubble.

Some could learn a lot from this simple presentation. Most wont.

The first thing we learn from history is that most of you don’t learn anything from history.

Earlier this year I bought Gold. People like Geezer laughed and ridiculed me.

Will Gold turn into a bubble? Absolutely. It will move way beyond fundamentals. Is it in a bubble now. No it hasnt started.

Or to put it another way. Would you have liked to have bought real estate in Vancouver in 2003?

Any time after 2008 was the time to sell. Or progressively sell into the mania.

I’m using my gold like an insurance policy. If the shit hits the fan, within 12 months as people rush to gold, interest rates will spike upwards.

At which point Ill be a seller, clear paper debt which will be expensive and be in a position with other cash reserves to buy income producing assets based on fundamentals.

Have a nice day from the Taipan