This is the lowest I have seen this mutual fund in a long time. I have owned this for a long time. I usually buy when it dips below $30. Gold got hammered today so I think it is going to drop some more in the short term. All the fed printing at some point is going to catch up to investors in the form of inflation, a weaker dollar and gold is where I want my money when that happens. Better to be in the game a little early than when everyone starts chasing gold.JMHO
If the dollar starts declining against the Euro and other currencies buy gold. In other words, not for a long, long time. The US and its dollar are still the best house in a lousy western world neighborhood.
After Europe goes into total collapse and the eastern nations then turn against the dollar that's when you buy gold. Figure 3 or 4 years from now. In the meantime, gold will continue its decline and mining stocks will suffer even more.