[expat_panama]

Here are the numbers:

The long term  price of gold in 2015$ shows the average is around $800 and a drop below say, $500 wouldn't be unusual.

[Russ]

If it drops under $600 buy, buy and buy some more. The so-called “manufactured debt crisis” is real.

[Russ]

If it drops under $600 buy, buy and buy some more. The so-called “manufactured debt crisis” is real.

[Vermont Lt]

Anyone buying gold as an investment is a fool.

Gold is a hedge, an insurance policy against inflation.

Act accordingly.

[astroaddict]

Anyone who buys gold as an investment is dumb. The purpose of gold is insurance.

[expat_panama]

Monday morning.   Where's my coffee.  Stock index futures are down to -0.51% and metals are seen up +0.11% although gold right now is trading at $1,099.20 and silver's $14.74.   Durables come out today.   Some more headlines:

• US stocks eye China slide, earnings U.S. stock markets were expected to open a touch firmer on Monday, with a selloff in Chinese stocks likely to be in focus alongside earnings reports.
• Oil Bulls Flee at Fastest Pace in Three Years as Glut Expands
• S&P 500 propped up by just 2 sectors shows bull market aging
• A dismal open awaits markets on Monday Christoffer Moltke-Leth, director of global sales trading at Saxo Capital Markets, outlines the factors hurting market sentiment and explains why he's concerned about China's short-term outlook. CNBC Videos
• Oil prices slide on China stocks rout, supply glut Oil prices fell to near four-month lows on Monday after a steep drop in Chinese stock markets and on more evidence of a global oil supply glut that has halved prices over the past year. Chinese stocks tumbled more than 8 percent on Monday, the biggest one-day drop in eight years, amid renewed fears… Reuters

[Steely Tom]

Is this why that gold guy who advertises on Rush is now pushing silver?

[MNDude]

What does Glenn Beck say about this. He’s Mr. Goldline.

[2banana]

I would agree that gold is going to around $500 if...

Governments around the world didn’t have insane debts that can never be paid back.

We have never been here before with governments (to include America) with debts 100%+ GDP.

Default on the city/state and national stage is coming.

Many “paper” assets are going to wiped out or confiscated.

[Lurkina.n.Learnin]

China is looking a little ruff this morning

Chinese Stocks Suffer Second Biggest Crash In History, 1,500 Companies Halted Limit Down
http://www.freerepublic.com/focus/f-news/3317069/posts

[unlearner]

“but it does cost money to store”

How much storage do you need? Thirty pounds of gold coins can fit in a small case and has half a million USD value at today’s gold prices.

Perhaps the author means the cost to protect and insure the gold which may not have much value in an apocalyptic scenario anyway.

[ScottfromNJ]

When the MSM starts bashing Gold it’s a good time to buy.

[Sooth2222]

Considering the source of this article, I think I’m going to buy some gold today.

[Georgia Girl 2]

You buy gold because its never worth nothing.

[aMorePerfectUnion]

I love stories like this! This is the kind of thing that must happen to build a base - shaking out weak hands until only strong hands are left.

Somewhere at $900-700 per oz is coming soon.

[BenLurkin]