GOLD gold futures
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cnbc airs prediction of default in paper gold, page-5

  1. PortableAlpha
    3,045 Posts.
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    08/10/08
    09:12
    Post #: 4357407
    They also said other gold bullion will be sold on an "allocated" basis.... what on that means is anyone's guess. The US system fears gold, they will do what ever they can to keep the price below $1000.

    Given dealers around the world don't have stock they must demand physical delivery... we should see some pressure in the coming weeks. Just how long people will continue to buy "paper gold" is anyone's guess.

    Value at posting: $11,720
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    lightbulb Created with Sketch.  Great analysis
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