Warren Buffett: The Speculative Bubble in Gold

Warren Buffet warns gold price bubble is being driven by fear and could burst like tech stocks

http://www.dailymail.co.uk/money/investi...

Buffett dismissed latecomers to gold investment. 'The old proverb is confirmed once again', he said, 'what the wise man does in the beginning, the fool does in the end'.

As usual the Sage of Omaha Warren Buffett is a great teacher (Everyone is dsylexic about spelling his name!)

The way Buffett explain the Gold Bubble is perfectly explained in a NaviMap. Can't believe that it has been so many years since I worked on this stuff.

Here reproduced from a presentation I gave to the now defunct Swiss startup ThinkTools. It is normative for a counterbalancing loop to form between Box 2 and Box 3, but in the presence of Box 1, a reinforcing loop is created....