No one rings a bell at the top

Daily Reckoning/James Rickards

Repost from 4-28-2021

image of 500 gram gold bar with chart in background“We know that such events do occur with some frequency. But, it’s probably not a good idea to short the market, because it could go even higher. That’s the way bubbles work. No one rings a bell at the top. There’s no precise formula to tell you the day they’ll pop. So, I’m not suggesting that you sell everything and head for the hills. Having said that, it’s a good idea to reduce your exposure to stocks, diversify with cash and gold and just bide your time. When the crash comes, you’ll be greatly outperforming those who are all-in with stocks – including delis.”

USAGOLD note: If Rickards down-to-earth assessment sounds familiar, it is because it is you’ve read various versions of it here consistently over the years. One new aspect in the mix, though, is that with the massive amount of liquidity available courtesy of the Fed, gold and silver could get an unexpected bump if a large number of investors simultaneously experience a precious metals Eureka moment. Give some credibility to that bell you might hear ringing in the back of your own mind……

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