Any correction now represents a buying opportunity, analyst says

"There is an opportunity to own value shaping up," says Gary Tanashian, owner of the Biiwii.com financial site.

"Missed the last buying opportunity this space identified in euros? Well, another opportunity is on the way," Tanashian says. "Who will capitalize and who will be immobilized by fear? Gold in USD is also presenting an opportunity. In fact, name me a major developed society that is not tramping out its currency for the purpose of manufacturing politically expedient economic growth and I will show you a society of relative value from an investment standpoint. There are those in ascension and it is no coincidence that those are targets for my investment dollars in the big picture.

"For now, gold is a monetary value anchor," Tanashian says. "In a world of eroding confidence in politicians and policy makers who use official paper and digital money, gold represents value; nothing more, nothing less. Still, it is always great to exchange confidence paper for value when value goes on sale. You do not buy gold when everybody loves it. You understand who you are and if you perceive that your personal situation is in need of this value anchor, you buy gold when the public hates it."

Tanashian points to 2008, when gold took a price hit "and then snapped back faster and better than most other assets and asset classes." Should gold fall further in 2010, Tanashian says, "sit tight and realize that what is happening now is all part of the game and for some it is a time of opportunity as value goes on sale. It is really no more complicated than that."

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