Originally Posted by Columbia

Gold continues to drop. Good buy at $700.

The Gold Slide Isn?t Over | The Exchange - Yahoo! Finance

Gold is a bubble. The selloff is not recent. It has been going on for two years. What has changed is that we’ve entered the acceleration phase of the decline.
If you have resisted this idea up until now, you still have time to come clean with yourself. The legs on which the post-QE phase of the gold ramp was built have cracked. No hyperinflation, no systemic collapse, no fiat debasement. The biggest misconception of all, that "printing money" causes inflation, has been thoroughly discredited by anyone who followed the debate closely. In fact, collective fears seemed to have tipped in the direction of deflation.