I'd like to see gold rise for a few weeks before I dip my toe. If it's really going to be that cataclysmic then waiting for the trend to prove itself should be no problem. But I have my doubts, just based on the price action I wouldn't be surpised to see it follow other commodities in making a severe plunge downward. On a separate note, I actually like all this money printing(as long as we don't carry it too far) in that it dilutes foreign control over our economy and makes China and OPEC countries share our pain. And we should just give the Big 3 the money instead of lend it - but make sure the executives and unions don't pilfer it all.
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I agree with you on inflation being in force over the next few years and rising values for hard assets. However it will be difficult to predict specifically which assets will be in high demand and you really sacrifice your credibility when you make specific price predictions 3-4 years out.
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