All pretty predictable, go back to 2008 and see what happened...

All pretty predictable, go back to 2008 and see what happened then and you can basically overlay it here. Remember the gold market is a paper market, its paper product is fractionally reserve founded, so there are always a lot of speculators in the market. these players tend to leave in a collapse and this leaves the paper price fragile. Further, there are a lot of other pseudo gold investors in the paper market in the futures.

Gold is the iconic symbol of wealth preservation through the ages, just right back to King Solomons mine , gold mines have been the iconic symbol of folly, fraud and greed through the ages.

The reality will set in though as we move into this collapse, as the collapse takes hold it will no longer be a theoretical argument , as fortunes are lost on gold equities the difference will become very stark.

People who rub their hands at the thought of non delivery in the physical market will realize they only own paper gold in the equities market . They will see gold rise in value (compared to everything else) as they sit by on the side lines holding their pieces of paper.

Gold equities are really just futures contracts in a gold mining venture. These companies own very little gold (if any) and investors buy shares whos value reflects the likelihood that they will be able to obtain gold in the future through mining.

Physical gold holders can take you to the deposit box where they keep it and show it to you, what do gold equity investors have to show for their money?(paper)? Its very Jungian shadow denial that Gold equities holders actually embrace the system they seek to escape form by investing in gold equities.

The stock market will fall by +50% over the next 24 months, AUD I expect to be below 0.55 , oil below $40 USD, China will collapse and in about the 2 year time frame Japan will have a debt crisis similar to Greece.

The question is do you really want to hold gold equities through this? Is it time to gamble with gold equity futures or is it time to hold gold as a safehaven of your wealth? Is it time to play it safe or gamble like a drunken sailor in a cyclone?