Should say those who long paper Gold

Those who own physical gold for the long run should be just fine. Those who own physical bought it for a while. Some correction in Gold is ideal. Those who chase GLD/SLV might be late in the game.

People who are yielding to sell any Gold really don't understand physical market at all.

Let me just use physical silver market in 2008 as an example when paper silver was sold at $8.5/oz. At that exact moment, physical silver was sold at $12.50/oz ($4 premium because dealers know how much silver worth, nobody would sell $8.5/oz to you. Same happened in physical gold market).

People who never own physical Gold/Silver always confused about spot price. That is not what real Gold/Silver are sold.

Even recently, some big Gold contracts were sold 20% above spot price because they cannot deliver physical stuff but have to offer 20% more cash.

You can short paper Gold, but do own physicals.

hehe... what do you own is the key when coming to precious metals. And don't confused about two totally different market.