Talking to a guy that did own some gold mines and tennements in wa. Couple listed on the ASX as well.
He has sold out his holdings as he believes the trend at the moment is slowly down for the foreseeable future in gold.
My views are a little different I think it has formed a base in the $1200 to $1300 bracket US dollars.
It will slowly trend up over time unless there is a major financial problem happening in coming months or years. ( which I believe is slowly unfolding )
But on saying that if deflation gets worse and worse world wide Gold will deflate like every other asset class.
An if inflation increases the opposite will happen to commodities and Pm's.
Good luck to those with investments and private super funds.
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