gold and where it is going it is certainly the most curious of commodities:
it was useful when it was a standard it was interesting as an inflation hedge it was predictable as a port in a storm
none of these now
the millions of tonnes that are extracted each year and sold to investor/govt banks of one kind or other must surely loom as a huge threat by each bank to another bit like china dog usa tail should gold be liquidated largely it is a house of cards admittedly gold cards but you know what they are worth
its value is not determined by supply and demand...not supply and demand in the same way as wheat or oil, which people actually need yes a gold filling costs more than the dentist's chair and every wedding consults gold but a there is a lot of sentiment, more myth, and the rort of its collectibility must eventually be transparent and the price will drop to below the cost of mining why mine it who needs it this will badly impact on the commodity of cyanide but water tables will improve -rivers will run with less sludge for a while it will be collected like ivory and far into the future it will be mined again rediscovered meanwhile over the next 50 years it will be exposed as the bubble of the 20th/21st century (20+ bagger) banks including central banks will fail no longer rushing to auctions to buy it from each other and effectively hold each other up their paper money has more value and we know some things about that cheers