I just posted the following on Peter's blog after reading the very interesting Willie article he has posted there.

"I found the Willie artice very interesting. Jay Taylor has also stated that we need to keep in mind the difference in “the real price of gold” and the “nominal price” which is what you hear quoted. In terms of purchasing power, gold has not fallen this past week . As the real price of gold rises relative to other material’s prices gold mining profit margins will rise which will end up being one of the best places to put your money in the future. As Jay put it, “Don’t let the mainstram media talk you into believing that gold is just another commodity and that it is going down with all the other metals and commodities.”

Just curious….has anyone here bought gold from http://www.goldmoney.com (Turk’s site) and if so, any comments?

One other questions for blogger friends of this site - anyone know if Mark Leibovit of VR Trader has gone long or short in anything since he gave the signal to move out of the market?