Valuation, page-4

I am sorry guys when i hear inflation drives gold i really switch off, I read it in the first sentence and strongly disagree . Inflation does not drive gold prices, confidence does. Gold will rise because of lack of confidence in the markets, government and fear of war. People will purchase gold to hide wealth away from governments and a store of wealth as a protection like a hedge.

Any point in history gold has risen it has been because of a fear or lack of confidence. The world is in a deflation spiral yet we see gold rising on lack of confidence .

as for price it may reach $5k us oz but lets face it just like the great depression it will retain reasonable value from the current monetary system to the next but they could even confiscate it , you just dont know with these psycho paths we call politicians.

If LNY can get there act together we will all benefit and it is partly why i have bought in as i know how important gold is in times of uncertainty .