Thoughts on Gold...

[ssd]

(mainly for Lumi)

I think precious metals prices will fall.

If you are holding PM's as 'crazy insurance', then keep it.

If you are holding it as an investment, I think the major risk here is to the downside.

When a correction / collapse / panic occurs in equities, it will be a liquidation event (IMHO) -whereby the good investments (PM's and commodities) will need to be sold to pay for the bad.
Also, in times of panic, the USD is looked at as a safe haven - money will rush into Treasuries and will strengthen the dollar adding more push to the downside for gold and silver.

In looking at my charts, etc - I will be looking to buy gold (in this scenario) at $730/ounce. I think silver could see single digits and I'd look to buy at $6.

Just my 2 cents.

 

[Duff Miver]

You'll never convince the gold bugs that it's possible for gold to go any direction but up. Facts and past performance be damned.

I might get back in gold below $450, and I'd be looking to get out at $750. Last time I got out at $1100 and $1200, happy to take the profit.

Let T bonds go to 6%, and gold will be $300.

Pity the poor fools who are in @ $1700. :facepalm:

 

[ssd]

Duff:
I bought around 330 and sold most out at 650 - thought I did good - hahaha. Kept the rest to see what would happen - it has all been sold - between 1300 and 1600.

Depending on how things flush out, I could see gold down in the $400 range - sure.

I have some gold coins and some silver coins and bars that I have bought cheaply or inherited and will hold as a store of value.

Rule #1. Nothing goes up forever.
(see US housing market.....)