I am amazed that an educated adult can believe that there is some sort of anti gold cartel operating in the world to crush the price of gold.
If that were true then they've done a pretty lousy job...the price has risen nearly 400% since 2003!!!!
Forget that these spooks exist. They dont. And you are a bigger fool than you realise if you think they do.
Ask you friend, Goblin. He will be only too happy to tell you that the long term return on gold is NEGATIVE and, the only reason why it is negative is because supply will always out do demand (except for those odd periods where people feel the need to own it, such as now). To highlight this fact, add up the years of -ve returns vs the number of +ve returns. In essence, when gold goes up it does so quickly and spectacularly, but it spends most of its time drifting lower.
I personally believe gold will go to $2500/oz this time before it starts to roll over, but I will contribute none of that to the ridiculous prophacies of a conspiratorialist and most of it to good old fear and greed....oh and a lack of anti gold cartel.
