Tonight I was reading thread on Kitco Forums " Deflation Preceeds (sic) Hyperinflation " and on last page 285 one participant says Gold will not go bellow $1490 USD and another agrees. Just thought it was actually very possible...then up, up and away.
Obama held his ground over higher taxing of top earners, cant find anything else that may of caused the drop.
That is more than when i started buying. Will be a sense of de ja vu. It'd be nice to restock my stash at those prices.
What I don't understand is why, after the decision of Basel 3 to include gold as tier 1 asset, the price of gold has not yet significantly risen. It kicks in January 2013 so why the delay. The Basil 3 decision is supposed to such a game changer for the price of gold.
What ?! No "BTFD" I am glad I didn't squander all the SMSF money when I got it! Adding ounces even as we speak
You'll get lots of different answers here. I've heard (although i don't follow it myself) that the % of gold you should hold should be the same as your age eg if you're 40 then hold 40% gold etc. The rationale is that the older you get the less exposed you are to the more volatile silver.