3.11.2012

On bubbles





Remember all those companies taking out full-page ads in 2006 offering to pay top dollar for your McMansion?

3 comments:

SarahB said...

Are you changing your tune on buying gold right now?

W.C. Varones said...

Au contraire- these companies want to BUY your gold, not sell it to you.

Gold won't be in a bubble until lots of people start putting a meaningful portion of their retirement funds in it. Seems to me the vast majority of people still have ZERO gold, which couldn't be said of tech stocks in 1999 or houses in 2006.

SarahB said...

Whew...for a second there I got disoriented.

Will examine attached graphics more closely next time ;)

More stuff that broke around 1971

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