RE:Yikes True
However the harder they fall the bigger the rewards when the trend changes. You can't invest or base your decisions on what is happening today or the last 12 months as you say.
Gold has been around for 5,000 years and has been fought over through wars. It is a "tangible" asset that requires blood, sweat and tears to produce. That is why it has value and you can put a number on its value.
What value do you put on all the phony money running off the printing presses? Nothing! It is not tangible and is worthless.
There are "severe consequences" to all this madness out there by the powers to be who maybe have their hands tied and are forced to do what they think is right. It will come back to bite them hard. It is easy to chase and invest in what is doing well. However most often than not, overvalued and overhyped sectors and stocks come crashing down hard. It is when you least expect it that the undervalued and unloved sectors and stocks come back in style. The rewards can be several multiples of their current price. Take a look at history. The situation today is unprecedented. With just 1 percent of the world invested in the gold sector it doesn't take a genius to figure out what will happen when the gold sector breaks out and moves higher. Many will dump their holdings in other sectors and invest in gold through one form or another.
I will gladly keep gold as part of my holdings. The timing today I think is crucial. This sector is just being held down by the manipulators and nothing more. When they let the hounds loose then look out!
Ron