"Have We Reached The Breaking Point?", page-40

POG has been rising hard since early 2000 into 2012 $1900... going though recession (2001) - boom - recession (2008) - boom. To me POG is more cyclical (like inflation) rather than structural. That's when you see consecutive FED rate hikes in 2004 keep on shooting up POG, undeterred.

As I said no one can predict anything in the market or else everyone is a multi millionaire here. But when the next bull run phase takes place, POG will go up again, regardless of inflation/deflation/boom/depression.

If you have spare money, always keep bullion. No harm.