Here is an update on a piece I wrote about gold fever in early 2011. By failing to jump on the bandwagon, I made over 12% on my non-investment (i.e., I avoid losing it).
PS: The guy I (fortunately) did not listen to worked for a celebrated hedge fund investor who made billions of dollars in 2007 by short selling sub-prime mortgages.
PPS: Check out the excellent comments on that post by Ian Thorpe, Guy Pfefferman, and April Harding.
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