"Over the past 12 years central banks sold physical gold, leased gold that is tantamount to selling and using derivatives to suppress prices. Central banks and the IMF say they have 33,000 tons of gold. No one knows what they have because they never tell the truth. Our guess is they have between 5,000 and 15,000 tons, all of the rest has been sold. Such market manipulation has given citizens in all countries an unparallel opportunity to purchase gold at prices far below its actual real worth. Based on these circumstances not only does gold offer safety in an inflationary world, but it also offers an opportunity for some to become fabulously wealth. Based on this evidence for the past several years many sovereign states have been gold buyers and we expect to continue in an increasing way. They certainly do not want to get caught up in the vortex that will consume all fiat currencies in the end. The death spiral is already in process and that is why all investors should be buying gold and silver coins, bullion and shares. No matter what the financial elites do they cannot hold back the tide of history. Over the next several years the game that we have been entrapped in for many years will be over. We will return to a gold backed currency. Remember, he who has the gold makes the rules." http://www.globalresearch.ca/index.php?context=va&aid=29663
Is this a thread from 2008 ? If not, have we survived 2009 hyperinflation ? Or was it 3009 ? And those in the business of selling gold at pumped prices make money (fiat money ironically)
Does this chart tell something about gold vs stocks in last 5 years? http://finance.yahoo.com/echarts?s=...oss;ohlcvalues=0;logscale=on;source=undefined
well with the Gingrinch talking about a new gold standard to take votes from Ron Paul, there has been plenty of talk of what it would be like . I read it would not send gold prices higher and is just undoable. One thing is sure, gold bugs like B.S as much as gold so do you want to trust their intuition ?