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<p>[QUOTE=&quot;InfleXion, post: 1468382, member: 29012&quot;]Great post JCB. I&#039;d also add that gold is the first metal mentioned in the good book, in chapter 2 of Genesis. </p><p><br /></p><p>I&#039;ve chosen to invest the greater majority of my wealth into precious metals, specifically silver, but I think gold is a great play as well. In a worst case scenario which I hope does not occur, all paper and electronic assets could go to zero, and land will not be as ideal since you can&#039;t be mobile with it. That means you could be taking up to an 85% haircut on your assets if you only hold 15% metal. It could come back and bite you just as easily, but metals can never go to zero. </p><p><br /></p><p>Regarding the previous post, I do not believe we have yet seen this bull market to really get moving. If we are to look the gold bull market of 79-80 there was a blowoff at 440 (first link) which was just a bumb in the road to 900 (second link). Today&#039;s gold and silver markets look a lot like that first chart, but since this bull market has a lot more longetivity than back then, and because we are possibly looking at the first ever unprecedented global currency crisis, I believe it will surpass the magnitude of moves we saw in 1980. All in my opinion. </p><p><br /></p><p>1979 gold chart: <a href="http://www.bullnotbull.com/archive/gold1979.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bullnotbull.com/archive/gold1979.html" rel="nofollow">http://www.bullnotbull.com/archive/gold1979.html</a></p><p>1980 gold chart: <a href="http://www.bullnotbull.com/archive/gold1980.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bullnotbull.com/archive/gold1980.html" rel="nofollow">http://www.bullnotbull.com/archive/gold1980.html</a>[/QUOTE]</p><p><br /></p>

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