Quote:
Originally Posted by RummyBoy
Everyone is so negative on gold now that I can only suppose gold is going to be an awesome buy. My speculation is that many of those posting against gold here are generally those who never held gold and nor will ever be holder of gold.
Now I should disclose that my holding is paper money but the fundamentals for paper money don't make sense....... id rather own gold at say $1200 but I doubt it will go that low because institution and government will start buying.
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I have been short gold since November. I do not think I have ever had any significant long position in gold. Maybe in 2002. I would suggest that you not get wrapped up in its historical significance. Over the decades it has been a pretty shitty investment with booms and busts versus a long term rise.