Originally Posted by 2legit2quit
I agree with your premise that "it's a narrow set of circumstances that would allow gold to rise from current prices"


Most likely you just simplified what I said for expediency, but what I said is this:

If the world economies started to unravel and the price of gold went to $5,000 an oz, would you sell your gold for fiat money when it looks like that money is going to fail? If not, then you gain nothing from the high price.

Which I restated as this:

Only under a narrow set of conditions will buying gold at current prices prove to be a good investment, such as selling your gold when the fear generated price is even greater than it currently is. Are you really going to do that?

Originally Posted by 2legit2quit
really enjoy your take on things and particularly financial matters.


Thanks, but you are in the minority at least on this thread. There are lots of people making money hawking gold, but there's no financial incentive for those who point out the risks. Likely some posting here have already been swindled and are basically shooting the messenger rather than coming to terms with the message.