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Originally Posted by drunkguy  no shit
but with gold at an all-time high you kinda missed the boat a little on that
the point is not to recap the past but to predict the future
if you are plowing your money into gold you are making a big mistake I think. That is fear talking. If you want to make money you need to go against the grain and taking a defensive posture in gold is definitely not a contrarian mindset |
The avg. person is still fully invested in stocks. No one has a defensive position in gold today. The government is building a few more printing presses to give away free money, can't see gold going anywhere but up. We may see a pull back or short term correction but I would be willing to bet 18 mos from now gold is significantly higher than it is today. The fact that the average person knows nothing about gold or has no holdings is extemely bullish. Its still a contrarian investment today imo.