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What you are saying is true. Problem it is now China that is...

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chaz38

727 Posts.

24/05/15

09:20

Post #: 15339496
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Originally posted by kingpins ↑

Have not been in this forum for a while and I still see the same augments with the same inconclusive results

My problem is that I cannot understand what people really expect from gold, it is not a commodity like others, it is something that you can only day trade if you do it in paper gold but not the shiny stuff.

Gold is fantastically under-priced but will never increase in price until the powers that be totally lose control, and that will only happen when the USA goes down the drain

China and Russia as enemies of the USA may pull the plug at some time (they are increasing their gold reserves) but they are also dependent on the big elephant in the room so they have to be very careful of any moves they make which may take them down as well.

So until Armageddon occurs it is a nice shiny door stopper but not much else as the CBs are in total control

Just my personal opinion for what it's worth

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What you are saying is true. Problem it is now China that is controlling the price of Gold. This can only last until like you say when instability breaks the market. Not even China Russia or the US can control the real value of Gold. The man on the streets will rust to buy the only secure commodity. When paper money becomes paper would you want to hang on to it?
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