Gold pattern pointing up, page-1117

For a long time the bankers have preferred liquidity and economic growth over savings (gold). Liquidity promotes freedom of trade and growth improves living standards for all. As a result the worlds population has roughly doubled since the gold standard was dumped. These two combined are far more valuable than shine gold in your vault!
If feel that gold is becoming more important as the Federal reserve is no longer seen as a longer term beacon of global financial stability. Thus, other sovereign nations are diversifying by setting up their own reserve currency system (China/Russia) and they would be able to back it with gold and military force if push came to shove. So, we are headed towards a world with more than one fiat currency that is as good as gold. This will hopefully improve global liquidity, competition and most importantly competition.

Ok, all deep and meaningful discussions and points aside....I think gold is on a long-term trend up, for the reasons stated in a previous post. Gold holds value when trust between trading partners fades. If as an individual don't trust your local bank then you should buy gold to store your wealth. If, as a bank, you don't trust or want to gain trust (literally credit) then you stock pile gold.

The only way is up!