[rohry]

"I would like to point out that since the height of their caterwalling, Jun 01 2002, gold is down from 326$ an ounce to 314$ an ounce today. That is a 4 percent drop in less than a month."

Actually, I'm glad (for you) that your wife is handling the finances. Here are the facts (Year to date):

Gold has gone up 12%

The Dow is down 8-9%

S&P is down 14%

NASDAQ is down 26%

Since the gold peak (which was actually June 4)

Gold is down 4%

The Dow is down 4%+

S&P is down 4%+

NASDAQ is down 7%

I am not a gold bug (15% of my net worth is in precious metals) but over the past year that 15% has outperformed the other 85% (mostly bonds).

Appreciating assets don't go up in a straight line, depreciating assets don't go down in a straight line.

Also, several gold bugs are no longer on this forum (spoos, robnoel and a few others)

[Lazamataz]

Like I said, I'd keep a small portion in gold. Some virtual, some physical. I just like the shiny stuff.

But unless you personally move out of your gold positions, in the long run the market will outperform you.

Always has. Not to say it always will.