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<p>[QUOTE=&quot;WoodyWW, post: 1250014, member: 26001&quot;](</p><p><br /></p><p>I heard Dennis Gartman a couple of weeks ago saying on CNBC that he&#039;d sold 1/2 his gold. One of the the things he mentioned was that a cab driver in NYC was telling him that he&#039;d sold all his stocks to buy gold (at current price levels, apparently).</p><p><br /></p><p>Also, a couple of weeks ago a friend of mine called me, talking about possibly buying gold.&nbsp; This guy is just your average surbanite, has never owned PM in his life. People are freaking out, about almost everything now, and &quot;assuming&quot; that gold, or T-bonds are the answer.&nbsp; It seems like almost a Buying Panic to me in PM. Good article in the NYT 8/19 &quot;The Hidden Dangers In Safe Havens&quot;:</p><p><br /></p><p><a href="http://www.nytimes.com/2011/08/20/your-money/the-hidden-dangers-in-safe-havens.html?_r=1&amp;ref=your-money" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.nytimes.com/2011/08/20/your-money/the-hidden-dangers-in-safe-havens.html?_r=1&amp;ref=your-money" rel="nofollow">http://www.nytimes.com/2011/08/20/your-money/the-hidden-dangers-in-safe-havens.html?_r=1&amp;ref=your-money</a></p><p><br /></p><p>I could tell a story about how a guy in a bar (?) (I worked with a mutual friend) in the Fall of 1979 tried to tell me to sell my gold at $600 I think. I wasn&#039;t about to listen. There were the Hayek economic theories, Impending hyper-inflation (according to every G&amp;S Bug than) as in 1920&#039;s Germany, Jimmy Carter, how could gold ever go down? It almost couldn&#039;t. </p><p><br /></p><p>I came to a different attitude when G&amp;S crashed in 1980, &amp; kept crashing. I &quot;only&quot; lost about 1/2 my money.......[/QUOTE]</p><p><br /></p>

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