Sep

20

And in other news, the World Beef Council has determined that beef is the ultimate health food. Maybe we should ask Palindrome. Oh wait, never mind. The thing about gold is that unlike most other potential bubbles there is a very small number of people in the world who can take certain actions to make it keep growing or not. Therefore, determining its bubbliciousness is an exercise in predicting what they will do as opposed to what the market will do. And when those people will completely lose control of the situation then it will really become a bubble which will not make it any more predictable because predicting the behavior of peaking bubbles is not an a priori solvable mathematical problem, at least as far as I know.


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