"gold can only go up"......LOLI'd love a dollar for every time...

"gold can only go up"......LOL

I'd love a dollar for every time I've heard that hackneyed phrase. There's lots better investments at the moment than gold or silver and that's why the DJIA is at record highs, punters are anticipating better times ahead very shortly, while goldbugs hunker down for Armageddon.

The goldbugs have been predicting a property crash, but where I live the property market's on an absolute tear, it's running red hot.

"the strength and stability of gold"...Tell that to the 1980 or 2011 punters, only about 2 of whom are still here after getting wiped out. Historically gold is a terrible bet unless you make a few dollars and hit the sell button, and I can prove it.

The 1980 and 2011 gold crashes happened at almost exactly the same inflation-adjusted price and it's looking increasingly likely this gold mania's hit the top as well at the same level..exactly.

"what is printed remains out there"...incorrect, money can be created and money can be destroyed just as easily.