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<p>[QUOTE=&quot;Vess1, post: 1250701, member: 13650&quot;]Well, either they ignored it or nobody disagreed.&nbsp;&nbsp; The easy way to look at it is what would you have rather had a relative do in 1976?&nbsp;&nbsp; Should they have stuck their $100 bill in an envelope to save for you to use today?&nbsp; Or would you rather have had them by an ounce of gold then and stash it?&nbsp; &nbsp; Because a $100 bill back then could still be used today.&nbsp; They&#039;re physically the same.&nbsp; An ounce of gold is the same as it was back then too.&nbsp; </p><p><br /></p><p>The 1976 $100 bill may or may not fill the gas tank of a large SUV today.&nbsp;&nbsp; While an ounce of gold purchased back then with that $100,could fill the tank 18 times now.&nbsp; It could have been invested in the stock market too but it&#039;s not immune from long term problems.&nbsp; </p><p><br /></p><p>&nbsp; The same people who will argue that gold was flat for years, won&#039;t acknowledge that the DOW has now been flat for over a decade (a lost decade) with no relief in sight.&nbsp; &nbsp; The dow was over 11k in Oct. 1999.&nbsp; And there&#039;s been a lot of shady business just to keep the number up to where it&#039;s at now.&nbsp;&nbsp; (Stocks crashing to nothing get pulled, and then are replaced with new companies with value to prop the number back up.)&nbsp;&nbsp; Not to mention all the baby boomers who made real money over their lives are now cashing out and I&#039;m doubting there&#039;s an equal number of people available to buy up what they&#039;re cashing out these days.&nbsp; Considering 20% of the population is unemployed wondering where their next meal is coming from.&nbsp; They&#039;re not buying shares.&nbsp; Many are probably living off old money.</p><p><br /></p><p>&nbsp; Don&#039;t feel bad about having some cash stored for an emergency fund though.&nbsp; It&#039;s still the medium of exchange for now.&nbsp; You don&#039;t want to have to cash things out and have to convert every time you need some extra.&nbsp; It&#039;s just a matter of how much you want sitting there and what&#039;s happening to it over a period of years compared to what it could be doing.&nbsp; &nbsp; </p><p><br /></p><p>&nbsp; It might be very risky to buy in at these new found highs at the top of a new, vertical peak.&nbsp;&nbsp; I would think many people would wait to see some pull back before trusting the new highs.&nbsp;&nbsp; Gold is up about $190 in one week.&nbsp; It&#039;s hard even for me to believe that there could be this much demand. </p><p><br /></p><p>&nbsp;&nbsp; You also have to realize though, that as the years go by, more and more is being mined and more and more people are hoarding and stock piling.&nbsp; As someone else said, if ANYTHING else could present itself as a ground level buy opportunity with realistic looking gains, there could be a whole lot of PMs that get dumped back on to the market all at once and in a hurry.&nbsp; It will probably happen eventually.&nbsp;&nbsp; Then everybody will be wondering where the bottom is and it could be ugly.&nbsp;&nbsp; Nothing is certain.</p><p><br /></p><p>&nbsp; I do listen to the goldline podcast and there were many independent (of the program) analysts predicting in January that $2000 to $2500 gold would be likely by the end of the year.&nbsp; It&#039;s looking like they were spot on.&nbsp; &nbsp; Seems like it was just yesterday people were laughing at the $1000 level as being a bubble.&nbsp;&nbsp; Things are not well when you see gold behaving like it is.[/QUOTE]</p><p><br /></p>

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