Newton's 3rds Law.

From a market perspective he proved himself right, buying the South Seas Bubble at the top eventually losing everything!

When the Gold bull ends and the "bubble" a la equities is as obvious as the nose on your face, SELL.

Until then sleep tight, stick to it, its coming!

In due course paper will implode under an ever increasing load of debt, a lot of which hasn't even been factored in the monetary equation.

"The notional value of a derivartive refers not to the derivative but to the size of the portfolio it is referencing. An option may be valued at, say, 5% of the portfolio it is referencing, but a small change in portfolio value will cause very large changes in option values. With notional derivative values now in the $500 trillion range, swings of 5 to 10 trillion in derivative values are altogether plausible an could inflict enormous damage.

In effect they've (global banks, investment banks, and credit hedge funds) built a huge Yertl the Turtle-like unstable tower of debt by selling it back and forth among themsewlves, booking profits all along the way!

That's the definition of a Ponzi game.Small disterbances in any part of the structure can bring the whole tower dow, and the seismic rumblings already in evidence portend disturbances that are very large." Charles R Morris (an exerpt from The Trillion Dollar Meltdown written prior to the currewnt meltdown.)

Consequently, IMHO, gold's future is secure, certainly more-so than anything else we own!

RUF