JJMa

My decision to sell a bit of Gold

FX:XAUUSD   None
Looking good to me...mind you the security that I purchased may go down a fair bit today, but they pay cash, gold doesn't pay anything...served its purpose. Still have some in case inflation does show up. Have lost a bit of faith here, or had the blinkers removed from my eyes in the last few weeks. I can see 2100-2300 Later on in the year...problem is, most of the good yield on equities will have been priced away by the time this happens. Gold is not broken, gold is fine, the way we value is broken on a fundamental level, but then again, we only give it value because people believe it has value...

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