this is only the beginning, page-10

blacks,

we are a long way off people piling into gold.

Next time you are at a bbq mention:

1) house prices and see what you get. Without doubt there will be quite a few people who have investment properties (or someone in their family will).

2) talk about shares and see how many people dabble in them on the side, either directly themselves with an online trading account or through some other way (other than super).

3) then talk about gold and see how many people have invested in something with direct exposure to gold (not mining shares).

The 'mum and dad' investing are only just starting to question the guru's who have been telling them all along to not panic and the worste thing they could do was pull their dosh out of stocks.

Their are still mum and dads licking their chops at the prospects of more interest rate cuts so they can sink their teeth into more property.

But how many mums and dads think of investing in gold?

I would say the answer to that question is next to zero.

People do not even know how to get gold exposure. Here on HC we are much better educated and interested than the average punter; and yet, how often do you see the question of 'how do you buy gold, or get gold exposure or buy gold bullion'??????

I am not saying here that the POG will rocket, BUT I am saying that we are nowhere near gold hysteria.


Now, if you go to a bbq and the question arise: 'which is better Gold corp or GOLD?'; or 'do you prefer the 2008 nugget design to the 2007?' THEN you can sell out of your gold holdings.