Gold is Hot Hot Hot

[farming101]

Jan 2015 high is the target. If that doesn't get taken out convincingly
the gold market might get beat down with a very big hammer.

With markets the way they are I think Jan 2015 high will fall. End of
June at the latest. In the meantime, if your trading gold keep your
margin account topped up.

[biglentil]

If your going to buy just one i recommend the Valcambi Combi bar its a 50g bar that easily breaks down into 50 mini 1gram bars.

[cottonpicken]

Canada just sold have of its remaining 3 tonnes. God damn genius's

Go to wiki and look up gold reserves the world could switch back overnight and look who the winners would be which is why it may happen. China is also massively understated it could be as high as 20t

The rumoured scenioro is the IMF steps in sets up the sdr and gold is a small part of it. A new global currency set up

[biglentil]

When this sucker unwinds people will not accept another paper promise again for at least 200 years. It always returns to gold and silver. Everytime people think its different this time and it never is.

[farmaholic]

We all know there isn't enough gold in the world to be physically exchanged for goods and services, gold "dust" anyone?

Currency may always stay as paper but maybe that is where cotton's rants of backing it comes into play.

I really am not in alot of people's league of understanding this.

Paper investments and all their "forms"... Yikes. No physical value.

[Flatlander]

There is more than enough gold for all the world if you price it accordingly

[biglentil]

farma thats why our dollars, quarters and dimes were silver up till 1965, our nickels were pure nickel up till 81, and are pennies pure copper up till 91. No need for gold dust on everyday transactions.

[Flatlander]

My favourite George W Bush quote," if money doesn't loosen up, this sucker could go down"

[farmaholic]

I need it explained to me.

If you took the value of money in circulation and replaced it with gold... is it possible? How is it priced.

I think the volume has made it impossible.

Paper(plastic) could be it's "representative" if it was backed at a REASONABLE RATIO.

As I said this is beyond me. I'm all ears...

[biglentil]

Easy gold would be the equavalent of 30000 an ounce, silver around 2000 an ounce. Partially backed makes no sense to me. It either is or is not. To be trully backed it means that anyone holding the paper can exchange it for the physical gold backing it. Used to be 30 dollars could be exchanged for 1 ounce.