re: this is really interesting/misleading gold fig
stocko, you saqid:- .... America will pick up pace with its economy, overseas money will flow back in and Gold will lose its luster.
I am not sure about that money flow and the reason for it. I think it quite clear now that there were a lot of cooked books in the US which made them look very good from a performance point of view in relation to others. That game is over and so the performance may not look so good for a while. Money will probably continue to flow in from Asia, China in particular, but the smart money will steer clear of the US for quite some time. Remember they need over 1 Billion a day to flow in to keep the currency where it is. The US currency risk is greater by the day.
Whether or not the gold price continues to rise and is sustainable remains to be seen. One thing I do know, those with capital will do all in their power to preserve its purchasing power. If gold is the only repository to preserve it they will put it there.
