Replies to post #53634 on Traders Cooperative

[PENNYPRINCE 1]

I am all for a rush to the miners but I sut didnt see a drop that low in gold. It sure looks like we head lower though. When will you be a buyer of the miners only when we see 800 area?

[gtober]

You could be right. There was a lot of discussion on another thread on SI about GLD. It's pretty split as to whether its good or bad from an investment perspective.

[ItsAllCyclical]

>> I think the gold and silver etf's are going to disintegrate <<

Many in the gold space share that view. What price POG do you think it'll happen and why? If you don't mind sharing.

I've been buying physical gold from time to time. I'll trade GLD, but won't own LT so I'm on the same page. However I think it'll take significantly higher prices (say 2,000+), but GLD might get blown out of the water or exposed. Right now I'm somewhat split on whether I think GLD has the gold it says it does.