RE:RE:RE:RE:RE:reality bites...
Good response, if u read my other posts here u will see I have said I was not interested in an explorer valued at $10+ (I don't even care about shares outstanding b/c it *could* go to lets say $3 :p), PVG only entered my radar screen on Oct 22. It is interesting to note that from the announcement of qe3 in 2012 the gold price has gone straight down, many say gold goes higher with inflation - I say prove there was no inflation between 1980 and 2000 when gold went from $850 to $250. IMO there is no relationship between QE/inflation and gold... it's mainly about 2 things 1) negative REAL interest rates and 2) (as Kyle Bass puts it) a hedge against government stupidity. Within 36 hous of the "non taper anouncement" gold was lower. Citing those examples the idea that gold goes up with QE/inflation is incorect. You have done well to avoid pullbacks in gold.
The fact that bothers me is that at present 1/3 of (US) gov income goes to cover the interest on the debt, if UST rates get back to 'normal' then 100% of income will be required to cover interest alone, nevermind social security, medicare, military and 'public workers'.
Did I buy at $275 gold? Haha I was 18 when gold was $275... probably don't need to explain that further but no.... I first bought gold in 2006/2007 when it was $600.
I assumed you were some know-it-all baby boomer (I assume u are a baby boomer) but I retract my assumptions, you seem to have a solid understanding of things, just remember (as u said) the truth lies somewhere between Gov and anti-Gov numbers. I'm done for the night but will be eagerly awaiting your response when I wake