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| Not a chartist, but the recent run up is b/c gold is behaving like money than a commodity due to well founded concerns about bad debts in EU, Russia, China, and the Oil Sector, to name a few.
Frankly, not much of the Sovereign Debts can be repaid at this point if push came to shove. That is the real concern. Understandably, nobody wants to talk about that b/c it would mean and end to fiat currency and all we know about finance. No solution...just pointing out the obvious.
IMO one needs to have "some" PM's in Reserve, if you do not already, in the event of such a collapse as it will preserve at least some of your wealth. | |
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Is it to late to buy gold?
