On AUD gold however, I'm extremely bullish. AUD gold is currently around $1700 AUD, the all time high for AUD gold is just over $1800 AUD.
From this we can deduct AUD gold is less than 10% off its all time high.
For you to continually spout this garbage about gold owners all being behind highlights the complete lunacy in your logic since most of us are in Australia.
I might not have been buying my physical at $200 - $400 an ounce, but I wasn't buying it an $1800 either - how can I be behind?
Seriously, do some maths for once. For a person to be behind in AUD gold, they would have had to have purchased their ENTIRE portfolio of it in the last 3-4 months.
I'm not going to make my fortune in gold, no. But when equities hit the bottom in a few years I'll have a truck load more wealth to pile back into them than the ones who rode them down like yourself.
Seriously, go nuts on the downramping, but try to make your case at least a little bit feasible.
