us$934, page-31

"The current gold action strengthens the argument to hold gold in my opinion as a hedge against not only currencies but the markets"

Yep, remember last year when people bought commodities as a hedge against inflation? Now gold is a hedge against everything, WOW, can only go up from here.

Most people are looking for a bottom, I'm the ulitimate contrarian, I don't think there is a bottom, in 1810-1870 I think, the market did not recover for 60 years!!!!! and the problems today are bigger than anything before it.

I like speculating, but holding a stock overnight is too risky. Gold stocks cratering less than 6 months ago, far too many fell 90%, now everyone is giddy about it again, my theory is people do not learn from the past, even the immediate past, gold has been bid up again into another bubble, but I guess your like Greenspan, it's impossible to spot a bubble. Gold stocks going to smashed again, ofcourse people will say IMPOSSIBLE, just look at who is buying gold, nobody else other than hedge funds. I bought gold in 2005 for $500 AUD, yeah right would I be buying more at $1500, people have holes in their head.

Oil is at $34, other base metals very cheap, GOLD is very expensive in relation, why buy it, cause that is where the herd had run, most people are eager to run with it, even though history is repeat this type of investment "no no", it's a bubble, can someone here explain why "it is different this time?" you know like when oil was at $150, yep it was different that time too.