Dear Sherlock,
Got to keep your eyes on the big picture globally to avoid surprises.I bailed all Gold positions over a month ago when I saw that Gold was having a problem holding to $1600. I dropped SAR 30 minutes after their write down hit.
http://www.marketwatch.com/story/why-gold-and-silver-are-in-the-dumps-2013-04-11
I am still watching though with interest and am pro Gold in the long term but I am not a buy and hold person, I have set 10% stop losses on everything I touch, people could save a lot of cash if they did as well. Your point about if the Gold price drops others will be in much more strife than SAR I find irrelevant, your point on cash creating flexibility is only valuable if the cash is in your own pocket.
Good luck to you, but I find your posts puzzling.
DYOR, I make wild guesses
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