Even the gold bugs are crying. I saw one guy take out a mortgage on his house to buy more gold, and that was at $1800. The note on his house is still due despite the fact that gold is on it's way down with everything else.

Can't stay out of the rain or feed your kids with gold bars. Gambling with your home or any other necessity is absolute madness.

Chinia is the next big bubble waiting to happen. When it pops, $2.00 gas will be expensive.

If anyone has the time for a truly tedious read, try "Extraordinary Popular Delusions & the Madness of Crowds", by Charles Mackay. Written in 1841, it discusses, among other things, the Dutch tulip frenzy. It is long winded, and takes the patience of Job to get through, but it is not without useful advice and insight.

The fact that this book is still relevant illustrates that people have not gotten any smarter, despite technology, literacy and the "information age". All the internet has done is allow people to get stupid faster, in greater numbers, with less effort.

Nu