Hi Andy,
It's been a while. I might be incommunicado for a few days because I'm off to the US to check on the 'great depression'.
As for the psychological feedback loop, I think it probably would bother you, and respectfully suggest that you own gold now because you've been caught up in the frenzy as gold moved up and you fell for the Mike Maloney, Jim Rickards and Jim Sinclair fairytales and all that other Schiff.
Every time I go the USA though the place seems to be booming, guess I'll have to be patient, but as I've mentioned before, there's more Aussies receiving welfare as a % than Americans
It won't matter a tinkers cuss whether you own a piece of paper with GLD written on it or a genuine krugerrand, if it all goes wrong they'll both take a hit, but you won't want to be the last out of any ETF just in case there's been a slight miscalculation between the number of shares on issue and the amount of gold in the vault.
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