patrick.net

Just as I typed the last comment, silver pulled back into the $26 range - think you might be right.

Thanks again.

Here's one prominent economist calling for Gold $874 in 2011

"China's economy will not overtake the United States any time soon, because the Chinese housing bubble is about to blow, doing the same thing to them as it did to us;

dire warnings about $4 a gallon gasoline are moot as commodity prices will fall amid China's sudden slowdown;

gold, that harbinger that all is not right with paper money, will plunge from its current heights of more than $1,300 an ounce to — get this — $874 an ounce as China gets margin calls.
"
http://finance.yahoo.com/banking-budgeting/article/111966/gloomy-economic-guru-says-america-is-back;_ylt=AmsiO_ddMoVRUY2WstUO0C27YWsA;_ylu=X3oDMTFhb2U4YmVxBHBvcwM3BHNlYwNzcGVjaWFsRmVhdHVyZXMEc2xrA2dsb29teWVjb25vbQ--?mod=bb-budgeting

jvolstad says

Sold my gold coins about a month ago. Made some money. I’m happy.
I’ve never understood the gold and silver market. I guess it’s worth whatever people will pay for it.

I am curious as to what other investment was so enticing that you gave up your US dollar risk hedge for it. Did you put your new investment choice through a screening process that's akin to the same analysis you put precious metals through?

I would suppose you bought equities in the US stock market. For the record, gold and silver kicked the stock market's ass last year, and will likely do it again. And again. You did factor that into your analysis, correct?

I would imagine you also factored in the headlines--
IMF calls for dollar alternative
http://money.cnn.com/2011/02/10/markets/dollar/index.htm

And these regular headlines overseas--
China buying gold at a discount
http://www.indiainfoline.com/Markets/News/China-buying-gold-bullion-at-a-discount/5069344126