I thought I would start a new thread to reply to Mandurah's post...

I thought I would start a new thread to reply to Mandurah's post as he says he thinks the POG could go lower...to a point where it was not economical to produce.

To do that one would have to assume that gold has no use other than security. However it would not even guarantee fiscal security if it was not worth producing so what is the point of stock piling the stuff?

I read somewhere that the US has a stockpile of 300k tons and that the Russians and the Chinese are also buying it....what for may I ask? Making wedding rings or the for use in electical devices?

I don't know much about economies and business but I do know that the POG is not going to go below the COP unless it is pushed there and there would be purpose in doing so......unfortunately we are not privvy to it but you can bet on it that the POG will take off again.

Sadly it usually takes with it death,destruction and misery.