As gold hits yet another nominal record - still under US$200 in...

As gold hits yet another nominal record - still under US$200 in 1980 terms - Paper Bug Jon Nadler just doesn't let up.

Nadler continues to hit us with downside targets for gold he can find, no matter how discredited those sources have already been in recent years.

Nadler provides us with talk of a 30% gold price drop, a 50% gold price drop and the ultimate piece of nonsense that if gold has any value, that's right, if gold has any value, it is "archaic" to look at the increase in printed US dollars to try and arrive at a price for gold.

In other words, try and completely divorce gold from being a monetary metal. Trying to get us to believe that the printing of vast amounts of US dollars can be done with no negative consequences to the value of the US dollar or what is priced in US dollars.

Paper Bug Nadler is fighting a losing battle. Just ask China. Why even Thailand the other week dumped those increasingly worthless US dollars in exchange for something tangible that is REAL MONEY - gold.

Bad luck Paper Bug Nadler.

Nadler's article is at http://www.kitco.com/ind/nadler/sep212010.html