Gold Tumbles Again: Is the Era of Gold Over?

TEOTWAWKI wrote:

2seaoat wrote:History has shown that once gold enters a bear market (20 percent off high), it keeps going lower by another 14 percent on average, according to data going back to 1975 crunched by Bespoke Investment Group. That would put the metal well below $1,300.

THAT STILL MAKES ME UP BY 3 to 4 x ON 70% MY ORIGINAL INVESTMENT ON AVERAGE ...DON'T CRY FOR ME...Besides I don't really hold gold as an investment...it's for TEOTWAWKI.

Bob wrote:http://finance.yahoo.com/blogs/daily-ticker/gold-loses-another-6-monday-era-gold-over-123319133.html

ZVUGKTUBM wrote:

TEOTWAWKI wrote:

2seaoat wrote:History has shown that once gold enters a bear market (20 percent off high), it keeps going lower by another 14 percent on average, according to data going back to 1975 crunched by Bespoke Investment Group. That would put the metal well below $1,300.

THAT STILL MAKES ME UP BY 3 to 4 x ON 70% MY ORIGINAL INVESTMENT ON AVERAGE ...DON'T CRY FOR ME...Besides I don't really hold gold as an investment...it's for TEOTWAWKI.

I inherited 4 ounces of au from my late father's collection of Canadian Maple Leafs. They are in my safe deposit box, along with my 42 ounces of silver that I collected along the way. I'm not selling any of it.

TEOTWAWKI wrote:

ZVUGKTUBM wrote:

TEOTWAWKI wrote:

2seaoat wrote:History has shown that once gold enters a bear market (20 percent off high), it keeps going lower by another 14 percent on average, according to data going back to 1975 crunched by Bespoke Investment Group. That would put the metal well below $1,300.

THAT STILL MAKES ME UP BY 3 to 4 x ON 70% MY ORIGINAL INVESTMENT ON AVERAGE ...DON'T CRY FOR ME...Besides I don't really hold gold as an investment...it's for TEOTWAWKI.

I inherited 4 ounces of au from my late father's collection of Canadian Maple Leafs. They are in my safe deposit box, along with my 42 ounces of silver that I collected along the way. I'm not selling any of it.

You may have a very nice surprise soon .....KaChing ! But don't let the banker pirates get your physical..