Has the collapse begun? Is paper gold selling in a panic to buy physical?

[gunDriller]

The vexing question for the individual is: where is it safe to park one's wealth? Cash? Stocks and Bonds? Gold? Real Estate?

The vast majority of people have not discovered gold as an option for capital allocation. This recent correction/collapse will either be seen as a major negative or a major opportunity. Faber thinks the latter. Time will tell.

Rick Rule says he uses Gold as Cash.

sometimes his cash gets $1600 an ounce, sometimes, $1400 an ounce ... sometimes, $1700 an ounce.


a 1/10 ounce Gold Eagle makes a far better $100 bill than a $100 bill. it's prettier, it has intrinsic value, it takes up less room - and today it's still worth $140+.