RE:RE:RE:Please explain "know the gold is not going anywhere" - anyonw who "knows" that is a fool. I have been investing in gold mining stocks for almost 50 years, starting in the 1970's gold bull market. The one thing I am absolutely certain about, proven beyong doubt by 50 years following gold, is that no one knows where gold is going, or when it will get there!
But there are historical facts, such as the use of gold for over 6,000 years and its first use as money in 550BC. There are other facts that relate to why gold has fuctioned as a store of value for over 2,500 years. They are the fact that no one can live beyong their means indefinitely. How long are you able to live by borrowing money? Not long if you are like me. World governments have been defying this simple truth since August 15, 1971. Because there are no limitations on the creation of paper money $USD deniminated debt gets bigger and bigger and is now too big to be ever repaid. SA is simply the easiest and most leveraged way to bet that the laws of spending and lending have not been repealed. There will be a day of reckoning and when the price of gold is $thousands higher than now people will look back at history and say, "of course". Best to buy now at fire-sale prices!