Gold on the other hand is not an investment. The price of gold is based not upon intrisic value, but rather, emotional demand based upon talking points and late-night TV/radio ads. Although I feel sorry for Freepers who have speculated in gold during the recent "pump and dump," you can't say that I haven't warned you over the years.
In contrast to the equity markets, the collapse of the long-term bond market seems more like a bursting bubble than a health restoring correction. I bailed out of medium/long-term bond funds about three weeks ago, although I still have less volitile short-term bond funds in my portfolio.
Don’t feel sorry for us Gold and Silver-bugs.
I am 20 Kg richer than I would otherwise have been, thanks to the shenanigans at the COMEX.
If silver stays this low I will buy more of it on payday.