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<p>[QUOTE=&quot;goldcollector, post: 573424, member: 9088&quot;]I actually disagree with the OP&#039;s original statement. I think people have a follow the herd mentality, and if gold were to drop down to $600, we would see a massive rush to get out before it falls any farther. This certainly doesnt apply to everyone, some would refuse to sell at that level. But I am afraid that there would be mass fear that gold is about to fall all the way back to some insane low level like it did in the 80&#039;s. </p><p><br /></p><p>A little over a year and a half ago, when gold was around $600, I posted on this very forum asking if anyone thought gold would reach $1000 within 5 years because I knew I was selling at $1000 and hoped I could do so within 5 years. The responses were pretty close to 100% NO WAY, Not a chance, impossible, never, wont happen. Well, as we all know it did happen. Gold went on a tear and now it seems that everyone expects gold to just keep going up up up and up. </p><p><br /></p><p>Thats what I mean, it goes up $400 and now everyone is on board. If it were to go down another $300, I believe the herd mentality would flip and everyone would be in sell mode.</p><p><br /></p><p>I am not saying I think it will go to $600. I am just saying that you shouldnt count on there being a certain floor at which it cant fall below because noone would sell at that level. Remember gold was in the 800&#039;s before and fell down to around $300, where it sat for many years. So I think its safe to say that there were sellers at that level. </p><p><br /></p><p>Personally, I hope it falls because I dont have any, and yes I would like to get back in at a cheaper level. Those Gold Buffalos are so beautiful.[/QUOTE]</p><p><br /></p>

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