With gold at $1,644 I will buy GOLD today on the ASX.
I think that the gold companies could be sold down as they are just shares which can be sold to pay for margin calls and be sold by scared investors.
No matter which way Europe or the USA go the yellow metal is the only place to be.
Take advantage of the manipulation of the gold price to amass more of the stuff.
The danger I see is if/when a gold EFT goes belly up.
It may happen if investors want the physical metal.
I expect that there will be a run on a European bank before long. I am not sure whether it will be Greek Italian or French.
Bet on gold today.
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