I think that is over dramatizing the predictions a little. Yeah, there were probably some saying that it could not go down. But anybody with any credibility that I have been listening to have been saying that there will be ups and downs, and that it should be thought of as a long term holding. There is always someone predicting something is going to go up or down........... heck just look here on market talk for wild speculation.

But anyone other than a cursory knowledge of gold or the stock market or even bonds knows things can go up and down and nothing trades in a straight line for very long. Of course when the Fed has your back bonds can trade in a straighter line than I could have ever imagined. I guess having a printing press is a good thing as long as you are the one that owns it.

John