Cash in the safest bank you can find.
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As I've already explained gold could crash at any time, it doesn't need a reason like the debt, or anything else.
All it needs is for someone or something to precipitate the panic and it's all over. Like someone yelling fire in a crowded theatre, the rush for the exit will begin.
Skol: buy a good gold miner that is undervalued now, during the peaks to come all capital debt will be paid off, and when/if gold prices drop they should be in a strong position to still make a profit. Gold will not be dropping back to $300/oz, it's now much harder to find on average. e.g. OGC has been able to find some gold that will cost them minus $300/oz to extract, but only by factoring returns from the copper recovered at the same time. It'll cost them $300 mill to get into a position to extract the first ounce. I hope you watched JB's videos he posted..more upside to gold than downside for a while yet.
I think you're right, a major beneficiary would be the USD and probably most shares because the institutions and mutual funds would be out the door first and have to stow major amounts of cash somewhere else.
Gold $3 from $1300 new all time USD high ---Silver steaming ahead 21.35 seems like only yesterday Silver broke $20
I see it just cracked 1300.10 now a little below. If it gets up and over our fav goldies should have a helping hand on Monday ; )
And to think we've only just started the 2nd longer high growth phase which will make the first look slow then a very short but extreme growth in the 3rd phase many years from now
people worldwide are starting to wake-up even the SKOL's of the world which is really the bulk of the western world will maybe once over $2000 as the facts come out how little real Gold Silver backing is in the vaults for all the trillions of paper tenders of so called monetary value....
Somehow I think SKOL will be fight to the bitter end .........2018 Gold falls from 4800oz USD to $3300" I told you it was a bubble!!!"
Nice one JB.
One only sees what one wants ; )
The real question, of coarse, is who's fooling who : ) : )
Not JB's favourite 'goldie' because on Monday it's going to get a thrashing, right JB?
Unfortunately I have to spend a few hours at work that day so won't be on deck to watch the initial action.
Seems to me that punters are nervous, OGC down 15c in NZ and 16c in Aust. In Aust the OGC chart has a gap which could indicate further falls.
Gold shares don't necessarily follow the PoG.