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Old 10-07-2013, 09:54 AM   #780

Join Date: Sep 2002
Posts: 17,351

Gold is a hedge AK. Your prediction of gold 1k or 2k doesn't mean all that much. Your chart assumes someone who invested in March 2013 and the price today lost money. Sure if they bought in march and sold now.

From what I know of you and what you admit is that you like to get in and out of markets. That's all good. One could have done that with this chart also!

Back to gold being a hedge or diversification tool. Today everything is getting pounded down almost 1% and gold is the only thing up 1%.

One can play the paper market quickly and you can even buy/sell buillion if you want. I've purchased under priced physical and held/flipped.

I welcome 1k gold or 2k gold. Really doesn't matter to my plan....
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