My most immediate concern (and the reason I am becoming so bullish on gold) is the "no yield bubble" brewng in the bond market. Things like this never end well. Effective backwardation in the bond yields of "premium" nations - how can this be healthy. America currently serves as the buyer (first instance?) for 62% (62%!) of her own bonds. The fed is the tresury's main customer. Operation twist will serve to worsen all of his. If the bond market pops, I must believe that the dollar will follow due to the above dynamic. Then there is only gold. So - in short - I have decided to hold some rather than look back in due course and think to myself "But you knew it. All the signs were there. You could have just take a little? Idiot!"
Yeah, that's very reasonable. Treasures are a pretty crowded trade. Certainly gold is a better idea than it was a few months ago. And I do agree with why gold died in the crisis - hedge funds dumping to cover other positions. I'm a touch leery about it because of that, in case that same situation recurs.
Thanks for all the reply's, made for interesting reading. MTA is up 4% today. People are still going drive cars, regardless of economic conditions and they going to need parts. Company has been around for a long time and should still be there in the future making money, business as usual. ...but that's just my opinion.