Globally, entire gold markets that didn't exist in 1980 are now beginning to buy the precious metal. Vietnam 700 profit club started trading gold futures in June 2007. Already the exchange trades around $100 million in gold futures a day. China's Shanghai Futures Index started trading gold futures just a few months ago. The latter country has already surpassed the U.S. as the second largest consumer of gold behind India. Prepare in advance.
Bottomline: don't let the talking heads fool you. Stocks are not cheap, especially compared to gold. And the bull market is gold is nowhere near over. Over the last 35 years, more Americans began investing than at ANY other period in history. As stocks collapse later this year, they'll either pull out their money pushing the DJIA lower OR they'll shift their money into alternate investment classes like gold. When they do, the DJIA will fall further and gold will erupt higher.