gold, page-48974

1. If there was too much currency in circulation there'd be hyperinflation. The Federal Reserve has 20,000 employees, and they're far smarter than a bunch of goldbugs and conspiracy theorists.

2. You can let your imagination run wild, but the USA has never defaulted on its debt, and if you think that gold is suddenly going to sprong up to $5,413, you're going to be bitterly disappointed.

3. There's no chance the USA will lose reserve status, which is related to military might and democracy. There's no near competitors.

4. The markets aren't manipulated down, it's conspiracy theory perpetuated by gold salesmen.

5. Exponential growth? Since when? You've been reading too much bollocks from Jim Rickards.

The last 50 years are important because gold is no longer related to currencies and there will never be another gold standard, which was one of the main causes of the Great Depression. How do you value gold? it's not possible because there's no P/E, it's only worth what someone's willing to pay for it.