Re: Commodity Technical Outlook: GOLD
I definitely wouldn't mind, hold it down just three more weeks, good enough for me to buy when I visit Singapore.
If you're buying silver in the EU area or UK, I'd recommend Liberty Silver. It's the cheapest amid all the VAT and large premiums you get online.
For those in Asia/Aus area, go with Bullion Bourse.
Just when we thought silver was taking off. It's at the USD33 level. Still great performance the past two months.
Physical silver is the way to go, but I'm not totally against speculative assets related to silver. I used to own SLV, and have a few stocks for silver mines.
The advantage for a gold standard is for those without political ties. Fiat favors the political class. Hence no serious policies enacted in favor of gold.
The costliness of gold shouldn't detract from its usefulness as currency/medium of exchange. That's Marx/Smith cost-theory talk.
The...