Well when it was going up and at $1,200 in 2010 I thought it was in a bubble and said so and sold my gold penny-dreadfuls, but bubbles sucker in society's dupes and they can keep going for quite a while, so you never know, I just didn't want to get caught in it, "live to fight another day" is my motto.
But gold will go up from time to time, but the big picture is down, so I'm more interested in shorting or owning stocks that are contrary to gold. I won't make millions, but I won't go broke, I like to make steady progress - upwards.
It's worked for me for a long time. No one ever went broke taking a profit.
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