gold is down us$1.55 ..., page-7

Nightstalker.
You are right that it will get to that stage.
I was in my mid twenties when the great gold bull of the late ninteen seventies took hold.
You have to live through such an event to get a true understanding of just what happens. Inflation raging so badly that prices change weekly for everything that you need to buy and every man and his dog is tipping you some gold share that he just bought, and he is up 50% on it in a week, and ALL the gold shares are doing the same.
The crazy thing is that when I look back to that time I realise that things that caused that explosion in gold were nothing compared to the incredible stupidity that has been lumped upon the world by the governments of the US and Britain in particular.
Back in the seventies you could buy a car and a year later trade it in on a new one and get as much, or more, for it than you paid. The only problem was that the next one had gone up so much that there was still a big gap to pay.
What I am saying is that next time it will be much bigger. The problem is that I am not sure that it will be as soon as a lot of people think.
I have been a gold bull always, but especially the last 6/7 years. The number of times in that period that some "expert", on a gold web site, has stated that "gold is on its's way to the moon", and I mean highly recognised gold experts, well it's numerous.
As the ad on TV says. "It won't happen overnight but it will happen".
There is talk around at the moment that Comex will not be able to supply enough gold in June when several large contract holders demand delivery, but the same talk was around in March, however Comex managed to find enough to meet demand.
The British and US governments will do incredible things to make sure they have whatever Comex need to meet demands even if it means going to Fort Knox and getting gold out of there. That is of course if the gold really is still in Fort Knox and has not all been "leased" out as many people say.
If the Comex fails to deliver the great con by the Western governments will be up and they know it. THEY WILL NEVER AGAIN BE ABLE TO CONTROL THE PRICE OF GOLD WITH FUTURES CONTRACTS as they have been doing for ages.
So Nightstalker, be patient, hold on to cheap gold stocks and buy more on weakness, and one day in the not to distant future you will all be as you say and you will be able to tell all the people who now think you are a little loopy that "you told them so".

Kind regards

Lockitt