Signs of Gold Approaching the "Mania" Stage

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Investment manias share some key traits in common. When they get going, they REALLY get going (a la NASDAQ 1999). People believe that “this time it’s different” (housing bubble anyone?). And – they are certainly equal opportunity. From tulips, to spices…from houses, to tech stocks…manias are always looking for the next asset class to party […]

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From Reuters: A German asset management company plans to set up 500 “Gold-to-Go” ATMs in Germany, Switzerland and Austria this year. A gold-dispensing automatic teller machine (ATM) was on display at Frankfurt’s main railway station for a one-day marketing test yesterday. A one-gram piece of gold, the size of a child’s little fingernail and about […]

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