Just read an article from a link off Kitco News called "Fed kills gold trade, but doesn't bury it", http://www.thestreet.com/story/1148...-trade-but-doesnt-bury-it.html?cm_ven=GOOGLENquoting a senior metals analyst from Kitco, Jon Nadler stating, Just interested to hear others view on this article and what is said about gold hitting those levels?
My bottom line is that the POG is fixed and a paper market. If you can buy physical at the low prices put in by the paper traders then how lucky are we? Personally I think that without the paper market in gold we'd be looking at a gold price somewhere north of $5k an ounce. The fact of market manipulation to try and make their currency games look valid is to our advantage, but the price of a physical ounce placed in your hand is all that matters. No matter what, it will always be worth at the very minimum a commodity trade (versus a currency trade). If it gets near 1200 just try and buy every skerrick of gold you can find.
I'm always getting confused by so much information,so I look at the broad picture. Major markets and currencies will crash in a large economic downturn and then,in a flight to safety,gold will rise in price. For all the information out there ,I just can't doubt this. Things have gotten too bad.
http://kingworldnews.com/kingworldn..._Feds_Global_War_Against_Gold_Escalating.html It's a question of who you believe.
I believe Mike Maloney, have his photo in my wallet Did you know the traditional silver/gold ratio is 16 to 1? Therefore the true value of gold today is $480 an ounce
The chances of gold falling that amount this year are miniscule. QE3 is going to happen, it's a given, so I'm not worried. I don't think there is any great risk in buying up now, should do ok toward the end of the year.
There is an investment show out of Vancouver called Money Talks. One of the regular guests owns Border Gold which is a big dealer in Vancouver. He is talking about 1350 as a possibility if we see further weakening. Great opportunity to buy more.
Gold @ $480 an ounce I'll borrow all that I can and stack to the moon. If gold never recovers in my lifetime my nieces will benefit in theirs
I believe Roman Control, have his photo in my wallet Did you know the traditional silver/gold ratio is 16 to 1? Therefore the true value of silver today is $100 an ounce