GLD is effectively WORTHLESS, it has FAILED as "flight to safety" repeatedly
Ladies, the USELESS golds and silvers have FAILED completely this past year as "flight to safety" during ALL financial storms (whenever the dow or nasdaq fall sharply)....during ALL currency turmoil (e.g. EURO crisis)....and during ALL wars (e.g. MidEast war)
Ergo, there is NO logic or rationale to own a single ounce or share of anything gold, silver, and USELESS.
IGNORE this ALL CAPS #$%$, who tries to make a distinction between physical gold/silver and "paper" gold/silver......in any form, physical or paper, they are ALL effectively WORTHLESS WORTHLESS WORTHLESS.
Ladies, more than a year ago, I predicted the TOTAL COLLAPSE of all things gold, silver, and rare earth....and those who followed my advice made a MASSIVE FORTUNE....and those who ignored me are shining my shoes, washing my car, and fetching me lemonade at luxury tropical resorts.
Got to be the most idiot thing, I have ever heard in my life. Gold has been used to transfer wealth, store wealth and even as a purchasing resource when times are very bad. Ever wonder how the Swiss became a banking giant? Read your history.
LOL. calm down insect insight, don't let the gold ants get to you.
you need to block the biotech*** dude. Knocks out the mindless hourly uupppps and cuts the crazy conspiracy posts in half.
What would a 50% retracement look like starting at a base in 2006?
Thinking around $1100 or $1200, Still way ahead of real or expected inflation, but maybe that is OK.