re: Looking to invest in gold

It was interesting to watch, and somewhat analogous to how shale producers enhanced technology after forced to by the decline in oil prices.

Anytime a critical commodity takes a dive, technology steps up to lower cost of production, or potentially even replace that commodity.

Technology is really my biggest conceren going forward. Everyone thinks they understand the Poloroid. And I'm sure they do. In arrears. My concern is what next advance make something that currently looks like a long term no brainer to be antiquated.

I've given a lot of thought about what to load up on during the nbext down turn. But I don't know what I don't know, or don't know what has yet to happen. As near as I can get it narrowed down, I think CSCO, AMZN, GOOG and a low cost index of dividend payers, or better yet, future dividend payers.

Back to gold. I beleive everyone should probably hold a p[ercentage of precious metals. Balanced asset class portfolio and all tnhat stuff that everyone preaches about, but no one does. I hold very little gold due to its utility. I do hold silver due to its uses and industrial deamnd. Science doesn't appear to be close to replacing it, but who really knows? Look at what Volkswagen did to the palladium / platinum related industrial demand.

I think there are a couple of almost certainties. I don't think science replaces vacant land in the near future. I don't think it replaces a need for housing or food.