gold collapse to take metal to $700, page-9

Bingy,

Apart from all the gold stored under the mattresses of the world ETFs alone hold more than 1300 tonnes, that doesn't include Certificates, Accounts or other hybrid products.

The SPDR Gold ETF alone is currently worth about US$68 billion.

I'm not talking about gold mining companies either, they've been on a losing streak for years, the money's been coming out of them too.

Actually I'm pretty sure I've profited already because since gold topped out in Sept my personal share portfolio has increased 34%.

For the last 6 months the DJIA is 16% ahead of gold.

According to 'experts' like you Bingy gold should already be US$5000 - but it's not.

Funny that!

Here'a little gem I just found for you Bingy:

After inflation-

US$1 invested in bonds in 1801 would be worth $1000 in 1998

US$1 invested in stocks in 1801 would be worth more than US$500,000 in 1998.

US$1 invested in gold in 1801 would be worth 78 cents.

Enjoy your '5000 year store of value'. LOL