Hi ctindalelove your thoughts and agree with most except for...

Hi ctindale

love your thoughts and agree with most except for gold equities.

I only consider debt free producers that are unhedged as the ones to handle. Those that are entering production now possibly the best value.

Another meltdown might inflict nasty wounds on gold miners, but those of the character I just mentioned will carry on and make profits - especially if its deflation that results (which I agree on). Deflation = lower production costs and relatively higher metal value (even 800-1000 POG AUD will make good coin in these circumstances).

Explorers, developers and producers in debt/ large hedge positions will suffer imo.

But of course if I'm wrong then yeh it will be painful.

I guess the moral of the story is to balance ones portfolio. Cash, equities and physical gold.

GC