sign of the times

14Jun09

I thought this was curious. At Corte Madera, an upscale mall in Marin, one of the storefronts was empty and a cash-for-gold store was happily taking people’s jewelry.

I overheard a few people who were pleasantly surprised how much they got for their unwanted jewelry.

I’m fully expecting gold to go through a spectacular bull market bubble over the next few years. When the cash-for-gold operations close down and are replaced by similar gold-for-cash operations, we’ll know the top is near. But for now, I want to be a buyer of gold, not a seller.

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