Wednesday, March 30, 2011

The Recapitulator hears...

...that a retail brokerage is offering physical gold and other precious metals (for 1% commission and .6% storage costs, and cannot be shorted) for its clients.

One of the clearest signals of a bubble about to collapse is the flood of amateurs entering into an environment filled with extremely skilled professionals, thinking that "easy" money can be made.

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