GOLD 0.51% $1,391.7 gold futures

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

  1. 601 Posts.
    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.
 
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