[Travis McGee]

It's never easy, but gold has a long way to go UP. The good thing about it is that it is unlikely to tank on a bad report, poor "earnings", or a denied patent! If you buy it now, set a mental stop loss point. If it goes down, say, 8% from the purchase point, dump it. But the beauty is that it's very unlikely to nose dive.

[Grampa Dave]

Your suggestion here is excellent advice for any of us.

"If you buy it now, set a mental stop loss point. If it goes down, say, 8% from the purchase point, dump it. But the beauty is that it's very unlikely to nose dive."

The best thing is to take it one step further, "Actually put a sell order if the gold, stock, fund fall to a certain level."

[AmericaUnited]

But the beauty is that it's very unlikely to nose dive.

You must be a newbie to the gold market. Gold has many times "dived". For an example: Gold went from 387 to 322 in about two months in Feb/03-Apr-03. I've seen it drop $30 in a day.