I kind of decided to stop buying gold at 650 Euro an ounce and it is 640 E right now . This is a policy decisions without inforcement
I expect like 60% increase to 1000 euro by 2011 latests ( 2250 $ mimimum )
At 1000 Euro I will start selling bullion coins without collectors value and put that money in Swisse Francs by want of anything better
I do not want to risk going down 2/3 like it did after 1980 for twenty years allthough Sinclair says this time it is different and that gold will stay high but not silver . I am not a silver specialist so silver at 50 E looks more then possible at 20 to a gold ounce where the historical has been 12 to 15 ounces of silver to a gold ounce .The reason why Silver will not stay up is purely technical Sinclair says silver is not money whilst gold is
cfr Breton Woods Gold Standard
Whatever happens I expect the daily swings to be horific and the weekly swings murdering . Like limit up or down in gold a few days in a row coming to 200 dollar an ounce difference for the week . I forgot the limit is 50 or 75$ a day now .
I prepaired psychically by doing a weekly total by hand on millimeter paper and by decreasing the Y axis
Doing this by hand forces awareness and looking at were you put the weekly point and reassures you that you are not going broke holding gold
I still do this in old Belgian francs and started with 20 000 to 10 millimeter then 25 000 to 10 millimiter then 50 000 to 10 millimiter and now 100 000 at 10 millimeter
If it goes down 100 000 in one week I only go down 10 millimeter on the paper and the visible impact is less ( one has to be able to sleep at night)
If I had staid with the original year 2000 charts I would fall of a sheet of millimeter paper one week and shoot up out of it a few weeks later since some weeks I am doing allready 5 inches of paper up or down at the original graph setting
The computer is a devious object here since it will allways squeeze the minimum and maximum on the screen be it 20 years or 6 months and so you loose all sense of dimention