RE:Powelll Speaks Gold Drops!!just consider these little bumps in the longer term road as "patience" training tools. After all, things are looking far, far brighter in this space, than they did earlier this year.
And I recall when gold was around $260 in 2000, the prospects for the PMs were not too shiny.
I can recall a discussion with a coworker at that time, who was sold on it's role as a "barbarous relic".
Back in 1970 I bought a book by Harry Browne: "How You Can Profit in the Coming Devaluation", and the skeptics and detractors towards his views on gold were plentiful and scornful. It took a bit more patience, but Harry got the last laugh.
This is a fun and interesting exercise in gold history from 1970 through today: https://www.youtube.com/watch?v=pboxv8Hne1E&feature=emb_logo