forget deflation .. inflation set to soar .., page-210

Heremes, gold as a flight to safety did rally in the financial collapse. Without the surge in retail demand, the gold price would have fallen to $500 based on my analysis of what happened in the futures market after the May 2006 peak.

However, gold is also insurance so a lot of people (i.e. hedge funds) were selling because they needed to. It's all very simple and is how the market is supposed to work. Most of the selling is now done IMO but the demand remains.

This is the third time I've posted this interview but is well worth a listen (UK's leading bullion dealer, Tony Baird, discussing the forces involved and debunking the conspiracy theories - scroll half-way down the page).

http://commoditywatch.podbean.com/

$350,000 worth of gold coins is a nice problem to have! You could always employ someone to slowly sell them on Ebay for a massive profit.

Cheers
Rowingboat