POG

What a plunge!

Yet, the sellers don't seem to realize that it is not possible to meet the demand with what is mined.  Of course, lots of gold are sold out of huge hoards.  And some gold are imaginary.  You trade gold without gold being moved!  You trade gold but it isn't physical gold!

Hence, the fall in POG cannot be indefinite.  Mines will fold when it is no longer profitable thereby, diminishing the supply even further.  The question then becomes... when to buy again.

I am sitting on the side watching the yoyo... mostly because my cash is tied up by my wife.