[Huck]

But a lot of that money came from big institutions like pension funds, hedge funds and mutual funds. According to State Street, these account for at least 45% of the investment in GLD these days.

So individual members of the public probably accounted for only about half the new investment, or $3.7 billion.

Lemme see if I got it. Institutions account for 45% of the total, and that's "a lot of [the] money" that is invested in gold. Individuals account for "only about half"--which last time I checked is more than 45%---that's not a big amount?

Well, is half a big amount or not?

[bkepley]

Well great..conventional wisdom is the bubble’s going to burst I’ll keep my gold for now.

[Silentgypsy]

What’s the expression? BOHICA

[redhead]

I am a very small gold owner. I bought when the price was down around $250, but even at that, I am glad I don't have very much. I'm glad my "fortune" is not tied up in something as volatile as gold in this economy. If things were safer "out there" and the market in less danger, I'd be kicking myself for not buying more.

As it is, I love having it, but it's a sort of relief to know that if the bottom falls out of the price tomorrow, it will have to fall very, very far before I will lose any "worth" with it. For me, that's a relief. I do worry about friends who have larger holdings, however.