Correct, Chavez is one of the biggest loonies in the world and when this idiot gets involved in gold you know the end is in sight.
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Incorrect, loads own gold in the USA, it's on TV, the papers, it's everywhere, in fact record numbers of gold eagles have been sold in the last year or 2. Been there recently?
It's gone up for 11 years, how much longer do you think, until it becomes just another commodity, shiny metal, which it is?
so what percentage of the U.S. public own gold or silver bullion do you think Skol? I go to America quite a bit and have seen ads for buying gold just like I see here in Europe and in the UK but it doesn't imply that a significant percentage of the population own bullion. I would say far less than 5% of the population own bullion.
Gold has been money (i.e., a store of value, a unit of account, a medium of exchange) for thousands of years. It will still be money long after the USD is dead and buried.
Hey Corran, you've been looking at too many of those gung-ho gold websites.
Finally sold my RSG shares and moved into BDR. Bring on $2000oz.
What did central banks around the world buy a record amount of in Q3?
Yawn...
Wake me in a year or two.
There will be plenty of excitement in the coming years, including days of $100-200+ intraday price swings.
But gold will be a more effective store of purchasing power than most every other option for the challenges ahead, until it isn't.
The key will be the exit.
And we are no where near time to head for the exit before it gets crowded.
See you next year.
Looks like its bail out time in Europe
Yeah, it's strange I would have thought the Dow and gold would have been uncorrelated.
I've just been reading the Lipper Indexes and of 15 indexes, in 2011 gold is the second worst performer at -7.04%, the best performer at 8.1% is US Govt, Bonds.
The worst performer is International Stocks at -12.29%