Hugh Hendry 2009-10-16 (4/8)

[mummyfunster]

1:23 is the most important point here. Gold DOES dip when the preverbial hits the fan. Unfortunately, with the advent of retail money pouring into ETFs, this is a crowded trade. Saying that, always have 5% of your net worth in the physical. That's what the boffins suggest.

[4rcane]

i would argue, not everyone is in gold at moment. Maybe it may seem so, because all your friends (the smart ppl) are in it, but not majority of investors are in it yet

[zinkerled]

I'll get out of gold when the general public starts to buy it. Same as what happened with tech stocks. The good news is you'll probably have a few years of insane gains in which to exit.

[vcdrob]

This is what I tell people I know. There will be a massive nasdaq-tech-style bubble in gold, and you don't want to miss it.

[sinathfr]

gold is so gay