24-07-2011, 02:32 PM
the local presses tend to exaggerate markets on an up trend. during the great real estate boom of 07, the local broadsheet read like a property investment guide. retail investors tend to purchase assets only after it has appreciated by a significant scale, often with unpleasant results. we need to remain mindful and avoid these cyclical traps. i believe most value investors will agree that investment in gold, at current prices, is a highly speculative activity with negative margin of safety.