I guess it falls into the category of "well, he would say that,...

I guess it falls into the category of "well, he would say that, wouldn't he".

Even so, their is merit in the basic argument, I think there is a lot more pain to come yet in other markets.

This is interesting too "Total gold above ground is worth about $4.8 trillion, compared with global stock and bond markets worth $135.2 trillion". About 3.5% as an asset. Easy to argue that could be higher.