Evening Ctindale,Whilst I dont necessarily agree with your view...

Evening Ctindale,

Whilst I dont necessarily agree with your view on where gold is headed, I do take note of what you have to say. One question for you...you feel that a GFC2 will take the USD to great heights this year and result a good ole gold price smashing.

Given that in 2008 we experienced the worst ever financial crisis, the USD index was only able to peak at 88ish on supposed its 'safehaven' status...at the start of the decade the dollar index was at 120ish...if the USD is so safe why is it at near historic lows and not challenging it's past highs?

Secondly, the Chinese were strongly recommended their citizens buy gold and silver - they can get it from their main bank if I remember correctly. That's when the price was around the $1050 mark. I would be suprised if China let gold drop to $700 one year after makng that recommendation.

All the best.


SW