Do you have a good story on why you believe that gold will keep going up for while? I can think of one maybe the US currency will continue to decline and the world will change to a basket of currencies backed by gold...
Personally I am going long on a gold company just to benefit in the laging effect of high gold prices on the earnings of these companies... other than that I have no real story on why gold keeps going up and more importantly when/if it will peak and take a major fall
Is owning physical gold and silver because you think the US will colapse like the roman empire and you want some quick currency to escape?... aka Peter Shiff ? (http://amzn.to/bTVMIj)
The Fed is continuing it's policy of monetary expansion. Most major central banks around the world are doing the same. US treasury debt is in a massive bubble. The Fed is propping it up daily. Money won't find safe haven in any fiat currency and have nowhere to go but gold to preserve wealth. Good ol' Greenspan said as much in a recent announcement he made. He advises central planners to stock up on gold.
