[jiggyboy]

The old story when they were much higher than they are now is that “people are selling their winners” to make margin calls. Maybe that was true then; gold would typically lose at least a couple of percent and silver would lose double that.

I see today that gold is $1242 which is in fact more or less the high for the past four weeks. That has never been the case in previous collapses in the stock markets.

[Dick Vomer]

I have about 10-15% in Gold SPD (not physical gold) just as a hedge about 5 years ago when Obozo looked like he was going to inflate his way to the moon. Funny thing is that if everyone does it then "the price" goes up on everything but the value is the same. In other words a loaf of bread is $30 dollars but I make thousands more so it evens out. So our money is worth less but we can still buy the crap we need.

The only ones screwed are those on fixed pensions, lagging entitlements and savers of cash.

what do you think?