gold, page-76258

agree slange gold price breakout is building. over 5 trillion dollars of money printed out of thin air. they will need to print another 5 trillion shortly to get the world out of this mess. every reserve bank around the world is buying govt bonds at record pace. even high risk dud bonds are being bought by fed to stop even greater damage to employment and from great depression. i have never been a gold bug or believed these gold conspiracy theories but commonsense tells us that you cannot just print trillions of dollars out of thin air without corresponding appreciation of gold price. money has to be backed against some physical asset and it has always been gold. what would you rather own paper or a physical asset such as gold silver diamond in these times if you had billions of dollars of currency in funds. funds are buying physical gold right now. didnt i read perth mint ran out of gold bars. gold has been a currency for thousands of years and it will outlive fed paper printing. the feds are doing the right thing buying bonds but there will be consequences and higher gold price will be one of them. the 2 gold bears on this thread sadly have no idea and have been wrong for so long that no one reads or listens to there dribble.

cheers