china gold buying stuns precious metal traders, page-7

Jetson,

10,000 dollar gold. Certainly the wet dream of any gold investor.

But if you plan on this happening because of a run on the Comex and LBMA I wonder what you think will be the full fall out?

Certainly governments may ban any type of short positions. They may also fix the price of gold to a certain amount forcing people to trade in a black market.

And if the price of gold goes absurdly high due to a comex/lbma default I wonder how much soverign risk will rear it's head.

And, I wonder, if by that stage pricing things in dollars will even have much meaning anymore.

I am hugely bullish on gold but I think things will get very tricky later in the game.