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Gold fever: The perils of buying at the top
My late father was proud of me quoting his lines in my columns. Such is the older way, I found that out from others after he had gone. One of his lines was “when everyone starts running one way, I walk the other”. The dinner party is lively. It is October 2025, and gold has just broken through €4,000. Suddenly, everyone is an expert and interested. “Gold’s where the smart money is, right?”. Heads nod. It feels sensible. But this is often the moment to be most cautious. When the crowd is convinced, the risk is often highest. Fear of missing out (FOMO), or, not being in the ‘in crowd’, is the dynamic ... (full story)
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- Nov 24, 2025 7:33pm Posted byFundamental Analysis160
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