We are about to begin another big leg down in most markets, when that happens the hyperinflation scare that the gold sellers are trying to create will take a back seat to deflation again for awhile. You will have time to make this decision. The government is trying very hard to hold things up and who could blame them. However, eventually when large fund liquidations begin, this wave will get going on the downside and even the PPT won’t be able to stop it. I am not sure if Gold will come way down or not, but at the very best it will go sideways.
I did hear on the radio today that two consecutive closes in Gold over 981 will result in an immediate move to 1200 by Joe Batalia. So I guess you could go to Gold Line and pay 1275 for Gold there with the 30% premium over spot for commissions and handling etc.. That way if it holds during the down cycle you will have only lost 30%, sounds like a good investment to me.
