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since gold has risen since hitting the low of 1520ish? to now, who is still buying gold? who has reduce the amount of gold theyre buying? or the rate of purchasing - Oz / month lets say reduced? with the AUD looking to fall, do you think its a good time to buy some more my opinion: i havent...

what are the chances of a fractional reserve gold standard? just like the comex, most people will not want to take delivery/exchange their paper for gold. so the fed/govt could artificially value gold at a really low value. then again, if this happens surely the rest of the world will not follow...

without these the standard of living in the entire developed world would be dramatically reduced. the rich and well off (us) would not exist without the poor (them). sucks but its true. (im just playing devils advocate)

in regards to china becoming a 'consumption-driven model' - how is a consumption driven economy productive? it worked in the US as the USD was the reserve currency in the world, but how would china do it? So its own citizens buys their own goods and this cycle continues to bring prosperity for...

does anyone know how much it costs to dig up an ounce of gold?

i would guess hyperinflation, for example, could = bubble in housing. so buying a house would be win in such a situation

for this to work, will euro to gold be pegged or will it float?

hmm i suppose by average joe i meant the sheep that work in wall st etc (not so much mums and dads)

is this move up even relevant? any price prior to the announcement of QE3 should be considered cheap, as we all think that QE is inevitable, and we all know that the price of gold following QE will sky rocket. unless your following the tops and bottoms for trades, imo, the price of gold...

obviously it was a gross generalisation... that was the point lol

I dont understand china's want to increase the value of the yuan at present. The only thing going for them in that theyve got little kids working for 0.01 US cents per day which makes their products cheap. If the value of the yuan goes up, why would anyone purchase from them? It would slow their...

oil at 100USD at the moment is a pretty good deal, others must be reluctant at present to pay in gold whats the bet that the US troops occupying the NT (is that correct?) start to plan wars against china when they start buying oil in gold

hmm, didnt know syria's issues had anything to do with gold/USD/petrol with lybia - it was that they were gunna start a gold-backed currency yeah?

I think making an official statement is more significant then talks of trades with gold or local currencies or whatever. it does affect the US as USD demand is reduced by oil-buyers anyways, the thread is about america warring with iran - what does that mean for gold. what happened with iraq?

http://www.zerohedge.com/news/iran-moves-further-end-petrodollar-announces-will-accept-payment-gold-instead-dollars so obviously this increases the gold demand and makes it VERY likely there will be an iranian war. what would an american war mean on gold? im guessing that theyd have to print...

so its obvious why the US want to bomb iran - they supply US' competitors with it and have discussed trades in other currencies. but what does israel get of it? or are they in kahoots with the US too?

apart from history, any reason in particular people would be buying US bonds rather then buying gold? confidence in the USD would be at an all time low

2mm might be an over estimate. im not going to get them to measure, i cant be bothered

theyre just misaligned

That is a decent point you make. I'm in the process anyway of discussing with the bullion dealer