I like IAM going forwardI have owned Iamgold for over a year , but I added more this morning . If it goes lower , I will add some more . I like IAM because of their new projects coming on as well as some new management . Also , They have a substantial cash position . The U.S. Federal debt is almost 30 Trillion Dollars ( That's thirty thousand BILLION ) and grew by about 6 milliond dollars during the time it took me to write this post . The U.S. Debt to GDP ratio is now almost 130 and growing . At some point , this has to help GOLD and Iamgold . I also own Alamos , B2gold , Kinross and Yamana , but Iamgold is now my largest gold position . I am not a gold bug , as I own stocks in several other industries , but with gold , I am looking for somewhere to hide should a downturn occur .