In recent history. 1980 to 2002, gold didnt do too well, but I think we had strong inflation through that period. Gold’s a good play when the credit markets go into stress mode. That’s why it’s holding near it’s high at this time when all other assets have crashed and rebounded a little. I dont think it will go much higher or stay there if it did. But it doesnt need to as long all other asset classes come down hard. Again, it’s relative strength analysis that matters. I dont think the market is about growth now, it’s about safety and liquidity due to years of credit abuse and historical debt levels that are now not sustainable. But I completely agree with Arraya. Dont fight the party, join it. Just dont stay too long. Beats working for a living.
