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Might be true. Jim Rogers had right about many things. I just wonder how high gold will spike after this drop is over...
Of course, when you're rich: you can buy a lot of gold "just for fun" and you're not threatened by anything. If someone spends 10 % of their savings, then that's a huge risk!
Poor people who bought 1-2 ounces for higher prices must feel devastated now. This crash is like a cold shower on their heads.
The simple fact we have another bear trolling PM bug makes me think this correction has run it's course.