I have to concur 100% with Jeff. If you don't believe the PPT and major central and investment banks are suppressing/manipulating the gold price your playing this game with one eye closed. Jeff is spot on when he mentions that gold is an indicator of faith in paper money.
Think of it this way. What did alchemists try and do? Produce gold out of nothing right. We know its impossible. So in this day and age whats the next best thing you can do. The answer: stop gold and silver being the main medium of exchange (which was achieved years ago) and put something else in its place that YOU COULD MAKE AS MUCH OF AS POSSIBLE OUT OF THIN AIR! (or wood as it turns out).
I could go on here for hours with the proof (most recently, rate cuts, job losses, major 'suprise' contraction in services - and $US strengthens and gold gets bombed $60! - Think about it), anyway I highly recommend that EVERYONE who has an interest in the gold sector do the following.
There is a subscription site www.lemetropolecafe.com. It costs US$200 a year and is worth every single tenth of a cent. But before you baulk at the price, they have a 2 week free trial. Takes you five minutes to sort out, no cards or anything necessary. Do yourself a favour and check it out for the two week trial. No obligation after that, but I promise you that you will learn more about gold and the PPT in the next two weeks than you have in the two years. They serve commentary at the 'MIDAS' table every single weekday and they information they provide is extraordinary. Just check out for the 2 weeks and you'll see what I mean.
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