Saturday, 23 April 2011

When Silver Hit $50/oz In 1980

Interesting point:

Looking back, I now see it as the clear sign of a top — when the ridiculous morning radio dj with no real financial knowledge makes a buy based on newspaper headlines, that’s a market that’s probably just about had it.

... But that episode spurred my interest in the investments world and it was only a few months later that I found myself being hired at Dean Witter, which had just opened up a brand new mutual fund specializing in — guess what — the precious metals market. Another spectacular sign of a spectacular top.


The question is how long will it take for the bubble to burst ...

No comments: