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<p>[QUOTE=&quot;GoldFinger1969, post: 3755410, member: 73489&quot;]As with financial assets you need to ask....<b><i><span style="color: #0000ff">is the decline SECULAR or CYCLICAL ?</span></i></b></p><p><br /></p><p><b>A cyclical decline</b> is based on supply/demand short-term factors, the economy, presence of hoards, a couple of collectors loading up or unloading inventory.</p><p><br /></p><p><b>A secular decline </b>is based on long-term demographic or other fundamental factors.</p><p><br /></p><p><b><span style="color: #ff0000">Take a look at the chart of the common 1924 Saint-Gaudens I posted above.</span></b>&nbsp; You had some nice rallies after the prices peaked in 1989-90 but pretty much you had a 15-20 year decline in the price that unless gold goes up to $3,000 an ounce (and maybe more), you will be underwater for multiple decades more.[/QUOTE]</p><p><br /></p>

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