asianautica, regarding I don’t see what’s wrong with follow the crowd and take advantage of the sheeple created bubble. As long as you know it’s a bubble and get ready to sell at the first sign of weakness.
Sounds probably easier said than done, especially for someone under 30, haha. Not sure how easy it is to still make money once the crowd is on it. There are quite some transaction costs involved including time and psychology, and certainly it’s not creating much for the overall system. Think of the Japanese people. Wouldn’t you agree, they would be better off, if they wouldn’t have all jumped on the bandwagon in 1987-1990?
But if you can personally do it, hats off. How about this: When the crowd is onto gold in a few years I will notify you and we can both hop on with some speculative position. Then, on the first sign of weakness you will let me know when to hop off. Let’s see how well it will work out for us.
Deal?
