Gold price, page-8954

Agreed this is where we are currently at.

But I do think there will be an event (probably sth eu) of some kind that will make investors sober up and look at the fundamentals at some point.

A month, a year away who knows?
It has run too far on smoke and mirrors so a correction will come. It may be worse than 08 only because we have further to fall.

At that point there may be buying opportunity (for the brave) like never before. Massive QE will drag us out once again but people will be slower to trust the broken debt driven system.

Gold will again be very important during all of this as there are very few secure options that are liquid. This is why I believe a mid/ long term hold may be a good play if you have the means and the time. Not as a profit making exercisebut as a hedge only. Plenty of opportunities for 100% profits with Dow back at 6-800.

Not sure I even fully believe this, or want to believe it, but I do see it as a possible if not likely scenario.

I also have many other investments that would suffer in above scenario so again, goldies are a hedge for me.

Currently a massacre so glta