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<p>[QUOTE=&quot;World Colonial, post: 2431735, member: 78153&quot;]Before the Alan Greenspan era, asset prices did not behave as they have since, starting in 1994.&nbsp; I would call this &quot;recency bias&quot; except that 22 years can&#039;t exactly be called that.&nbsp; Regardless, the financial levitation act isn&#039;t going to last forever (which is exactly what it is) and when it ends, those who have an outsized position in these hugely inflated asset classes (bonds, common stocks and real estate primarily) are going to take a huge hit and most who haven&#039;t already will probably take a concurrent hit to their standard of living.</p><p><br /></p><p>I&#039;m not a metal bug but do believe everyone should have some position in them which is what I have done.&nbsp; Unfortunately, central banks have forced most everyone to make one of two choices.&nbsp; Either sit the financial mania out which is what I have mostly done.&nbsp; Or two, participate in the reckless speculation and see if you can find a chair when the music stops.[/QUOTE]</p><p><br /></p>

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