Nice effort Beer Baron
You have convinced me to increase my holding... Although I held back just in case it gets a bit cheaper next week.
Lets hope gold can retain/increase its $1420 value... fear and uncertainty clouds the gold market atm, but that provides for opportunity.
The way I look at it is, even with all the manipulators out there, most of them hold vast arrays of physical gold. No doubt they are buying there time and buying more gold, so that we they eventually lose control or the ability to manipulate, they will still benefit due to the reserves of gold they have acquired.
I think I read somewhere US has 70% of gold reserves. Short term - yes deflate price, acquire more gold - long term - see an increase in gold price would in turn increase their real wealth.
Again thanks for the effort Beer Baron
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