This is a fact and there is no denying it, just pull up a long term gold chart and it is there for any one who it willing to look at it to see. I don't care what reasons anyone comes up with why it can't happen again, but because fact is it already happend before, so it can happen again. Fact is there is a lot more gold then even in history being held by investors, and once the masses of the gold bugs start running there is nothing that will stop the free fall of gold.
If I held gold long anytime I got close to the 1500 range I would be selling. What is really eye opening on the 30 year gold chart is there are no support lines until about 400 because gold blew through every technical resistance point, and never built any support lines.