RSS
|
More on this topic
(What's this?)
Scary: Why China is Buying Gold Like Mad
(Learn Mining News, 1/30/12)
Greece Causes Live Gold Prices to Dip Slightly
(Learn Mining News, 2/10/12)
Why the Gold Slump is Not Over
(Investment U, 1/9/12)
Investing in Gold Coins
(Investment U, 2/8/12)
Tags: Commodities, Dollar, Euro, Gold, Gold Prices, Goldman Sachs, Weak Dollar, Yamana Gold
LMAO!!! After you read this "super" bullish article it's a signal to SELL!
I believe you are way too bearish on gold.There is no reason $2K should be a limit on the upside for gold.All world currencies today are totally fiat with no limit on their growth.With many countries, the U.S. federal govt and many states in bankruptcy today gold could reach the high 4 digits or over $9K during this decade.
Gold will be monetized, not by government, but by the marketplace. It already is by virture of people putting more and more capital into gold backed payment processors that combime the debt-free store of value properties of gold with instant global liquidity by way of the internet.
Developing pure fiat currency was part of the process because a) the gold price had to float
but even beyond that b) a practical way of "splitting the increased value" had to be developed.
The gold backed currency, now, is simply 100% fully backed title, where each account holder owns their own gold.
Gold is being monetaized. There's no fiancial problem as per a design solution, we have one. There is only a marketing problem.
EDITOR Re: "you can convert your dying dollars into U.S. Treasury-approved "gold dollars."
I asked my bank about "gold dollars", they knew nothing about it. ????
Mr. Hutchinson:
What will the price of gold do if the U.S. dollar index increases 10 to 20% this year as some investors predict??? Will the price of gold stay connected to the dollar index or will it separate???
Can you compare EGO and TGB and GDX to AUY???
Thanks,
ROO
The 1980 high of $875.00/ oz was manipulated then and very short lived. Higher gold pricing today is due to an entirely different (world wide) market force. It's articles like these that have me questioning everything I read on this site.
If South Carolina becomes the first state with the courage to re-monetize gold and silver as required by the U.S. Constitution, I will sell 1/2 of my gold ($80,000 when gold was $464) and spend it in South Carolina. I live in Florida and the politicians here do not have the fortitude to even consider this yet. I vow that South Carolina will be rewarded if they take this important first step. God bless America and God bless the people of South Carolina. I urge others to consider this also.
i demanded my finance.
mi statut.
mi situation
envoied
Very interesting articles…, and I`m expecting the only one truth about gold, the price and its movement in future.
nice greetings, nick….