>> “ I was a gold bug but have now been soured on it. The only reason I am holding what I have is that they are so under water.” <<
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Don’t be a weather vane!
When China’s move against the dollar is launched in full force, you’ll get a nose bleed trying to get up to where PMs will be. (in dollars only)
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That’s the gamble I guess. Some time back, years back, there was talk that gold could have a rough 50% hair cut, before resuming its bull market. Maybe that is what these 2 past years was?
Question is where to now? 1000 as some have suggested? Or up from here? Problem is in the performance. A gambler would buy now, but someone more conservative would wait for certain thresholds (like 1400) to be taken out on the upside.