My general rule of thumb is that, when my barber starts talking investing in something, it is time to get out... from baseball cards to dot coms to investment banking. He was starting to invest in real estate in 2007 and it busted in 2008. About 3 months ago, he started talking about his gold investments. I give it 9 months before the bottom falls out.
“My general rule of thumb is that, when my barber starts talking investing in something, it is time to get out... from baseball cards to dot coms to investment banking. He was starting to invest in real estate in 2007 and it busted in 2008. About 3 months ago, he started talking about his gold investments. I give it 9 months before the bottom falls out.”
So the moral of your tale is that your barber was late to real estate and early to gold?
Keep dreaming. When all of those Cash for Gold places that are all over the place close down? THAT's when you rethink your position.
Keep dreaming. When all of those Cash for Gold places that are all over the place close down? THAT's when you rethink your position.
Your barber and me have a lot in common!