Direxion Daily Gold Miners Bull 2X (NUGT)

[4Godnwv]

You wrote: "I know the value of that gold will go down in Jan. when they raise rates. I'm just using logic here...if we have a meltdown in the market then I would rethink buying gold but hopefully we don't have another devastating crash like 2008."[\i]

imo, the coming meltdown will eclipse 2008!! Physical gold cannot be played like an ETF. You buy it and hold it until you need capital. DUST and NUGT are just like any other paper. PM's are "real estate". That's why central banks all over the world are accumulating. They know what's coming. JPMorgan has increased their silver holdings from 5million ozs to 55million ozs in just three years!

The fact is, nothing has changed since the POG last soared, except the numbers are worse. Since the last crisis in 2008 global debt has climbed a whopping $57 Trillion. Next time it will be a total systemic collapse.

4God