why isnt gold 1000 plus, page-44

md

its more about central bank sales ATM IMHO!

Mansa Musa gave it away in the early 14th century
http://en.wikipedia.org/wiki/Mansa_Musa

"So lavish was the emperor in his spending that he flooded the Cairo market with gold, thereby causing such a decline in its value that, some over a decade later, the value of specie had still not fully recovered."

International Watch Company couldn't sell watches in 1974 because of gold price rises
http://en.wikipedia.org/wiki/International_Watch_Company

"The cataclysmic rise in gold prices in 1974 had grave consequences for the watch exporting industry. Between 1970 and 1974 the price of gold rose from 4850 to 18 000 francs and the value of the dollar against the Swiss currency plummeted by up to 40%. As a result, the price of watch exports rose by as much as 250%. At the same time Japan was flooding the market with cheap quartz watches."

The fabrication market will get hit strongly with a rising price of course. There are many ways that the gold price could be influenced

But hey if the execs at the topend of town like at AIG can still hold a $443,000 holiday post taxpayer funded bailout, then it just shows how out of touch with reality
some people are. I wonder if they make Moral Compasses out of gold.

Obviously opulence is a necessity for the mega-rich and as such they will continue to buy gold and price support should be maintained

Just my 2 grams!
DY0R