you'd best read this entire thread.
my point with this thread is to make sure everyone here has the tools and in depth understanding of how the deflation works so that IF i'm right and gold starts heading down you won't be confused, disoriented and doing stupid things like catching a fallen knife. i DID this in 2008 with gold stocks and it was brutal.
but that was only the opening shot of this huge deflationary deleveraging wave we're about to commence. you can't afford to make mistakes.
Thanks for the warning. I'm sorry to hear you've made a bad call in 2008. However, you were buying paper gold, I'm buying actual gold that I can hold in my hand. If gold goes down against the dollar, everything else is going down as well. And if the derivatives bubble is going to pop, you'll be too busy surviving to worry about your money.
If you're right, and gold starts going down, I'll sell at my break even point. But that's a long way down...
But in the end we all have to think for ourselves.
please read the thread. i've already told everyone that my main position was gold/silver bullion that i started buying in 2005. i made quadruple/quintuple profits on them before i sold most of it. i also called the top of the stock mkt decline in 10/07 so i did extremely well on that so don't feel sorry for me.