“On a fundamental basis, it seems more prudent to buy gold now than it did in 2007. Which means that the two-year-plus downtrend will pass, sooner or later. No bear market (nor bull market) lasts forever. History confirms this. Perhaps the most relevant period to today is the mid-1970s. In spite of many reasons for gold to rise then, the price fell—dramatically and determinedly. But eventually fundamentals prevailed and ushered in one of the greatest gold bull markets in modern history. Here’s how our current downtrend compares to that bear market cycle.”
http://www.hardassetsalliance.com/investing-news/editorial/this-too-shall-pass
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