You must be new to the whole gold thing. Sinclair has been wrong about 95% of the time. This is no different. Armstrong is earning his stripes getting a little closer to reality. If I had to make a bet as to who has some predictability chops, its him. I wouldn't call most people clueless, I'd call them too broke to give a sheet and can't afford to buy shiny metal except for the few cheap 10 Kt chains and other baubles they wear. Seriously, who's got money to go running around buying 1300 coins and then figure out where to hide it? I'm guessing most folks that figured gold is a good hedge already bought. The rest are priced out already.
been reading his blog for years. his comments and view are always stated as long-term, he's looking at the big picture, years down the road, and he's been right. he's a perma-bull on gold, yes, but he's right. what happened this week in Washington? everyone thinks they stopped a train wreck yesterday, but they actually did the opposite. just like the fed trying to stop the stimulus for the past few months... they can't stop it, there are no brakes.