DUTCH TULIP BUBBLE VS GOLD & SILVER BULLION BUBBLE

[patrikkorda]

The Austrian School of Economics had one fundamental axiom, developed by Carl Menger: nothing has intrinsic value. People will find this out the hard way when silver drops to $25 or below.

[whygoldandsilver]

ahh I remember the phone cards...couldn't figure it out at the time, just nuts

[geniusmarketing08]

@whygoldandsilver Yeah man...other things that didnt make sense as a kid in NZ: telethon hopathon, spot the dog, eating jelly crystals..things that made more sense: Georgie Pie, knight rider, Tron 1 & Top Gun on the big screen, hahaha

[whygoldandsilver]

@geniusmarketing08 oh and the Topp Twins, totally freaked me out when I got there. I still have no idea what is going on there.

[geniusmarketing08]

@whygoldandsilver Mate, 'The Topp Twins' and 'New Zealand' should never share the same sentence!  ;)

[7Losses]

Good video btw, I think I remember the personalised plate #7 was worth more than #1 at once stage. The plate "RedSox" was also worth a lot.

[geniusmarketing08]

@7Losses crazy stuff, I bet number 8 had a few Asian bidders too!

[7Losses]

You sound just like Bernanke!

[geniusmarketing08]

@7Losses should I take that as a compliment, lol

[NAVYGOLDEIGHTFOUR]

It's great you have recollections of personal experiences with bubbles. I am sure it will help when you have to make the decision to transfer your principle and profits (may they be large) from PMs to another asset class.

[geniusmarketing08]

@NAVYGOLDEIGHTFOUR haha, well live and learn somewhat I guess huh ;) My plan is to scale out of bullion at a certain point...may not sell all up completely though. Would make a nice heirloom to pass down too :)

[NAVYGOLDEIGHTFOUR]

@geniusmarketing08 Yeah, I don't expect the transfer to other assets to be attractive anytime soon as well.

[MrPhajlee]

thank you

[geniusmarketing08]

@MrPhajlee Thank YOU :)