For those following the Local Real Estate market, stories of escalating prices, rampant speculation and the talk of bubbles bursting is common.?
? However, the news here is in the Pu-Erh (puer) Markets.? ? Pu-Erh is a fermented tea from China often sold in “cakes” with a key property being that they improve with age like wine.? The prices for these cakes are spiking and fluctuating.? A recent article in the Wall Street Journal tells of cakes costing upwards of $13,000.?
? As one speculator put it “even if I cannot sell it, I’ll drink it.”?
