billyen says........
1. Gold = Safe Haven.
2. The U.S Goverment is 19 Trillion in debt (www.usdebtclock.org) -a month ago it was 18T! This debt is growing every year and will NEVER get paid.
Time and math are on Gold's side. Everything else is fluff.
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1. If gold is a safe haven, how come it's down 36% in the last 5 years?
2. The US Govt. debt pales in comparison to Chinese debt and no one seems overly concerned about that. The debt never has to be paid back anyway, countries don't die. As the US recovery proceeds increased taxation will reduce the debt unless the government decides to spend it. Goldbugs appear to be the only ones concerned about the US debt no one else gives a toss.
Time and math are not on gold's side, since 1885 the DJIA has increased around 600 times, gold's up about 60 times.
