... i think gold/silver is a relic of the past and Bitcoin will assume its place as a new standard. i think gold drops to $400. i think that we are about to embark on a massive debt deleveraging phase which will be deflationary and take stocks down with it to test the March 09 lows at least. ...
i'm going to try and not say much more as i could be wrong and i know the gold bugs are going to start swarming with the hate.
No hate. I had my nice 30% haircut having gold in 2008 and I can agree with your short term prophecy of a dip (but $400 is way over the top), but I did not abandon the gold ship and I am happy for it. In the long term, until asians keep liking and buying gold, I see it as the most safe asset -provided that is gold that you can hold.