gold reaches new record high !, page-30

And just like 2008 I'll buy gold & other assets 'after' they crash (ie. when the deflation is complete). Given the degree and the extent of bad debts mounting globally, and policymakers inability to stem the flow, this time it will likely take several years to fully deflate (much longer than the initial deflation of 2008).

Gold may represent real money, but at what price? Personally, I'm a buyer below $600/oz and a gold bull below $400 (looking at chart action over the last decade).