Gold & International Conflicts
2009 January 26
Gold should do well in major international conflicts. The price of gold was fixed during World War I and World War II. But silver, for example, rose by over 100% in both world wars. It's been rising for the duration of the War on Terrorism. It all comes back to the fact that…governments ultimately print money to pay for wars. Colorado gold
[tags] gold, spot gold, gold value, gold investing[/tags]
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Yes, gold is manipulated. Yes, it is going down ($500, minimum). Just look around you at ALL the commodities, almost all of them have been slashed by at least 50%, do you really think gold is any different? Its not.
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Fundamentally, deflation + flight to the US dollar means that its the USD which should continue to rise, while gold will fall. Only when the deflationary pressure subsides {who knows when the fed will stop printing money and bailing out the banks}, and the upward pressure inflation due to the flood of money starts that gold should start moving up.
San Jose Lawyers
There’s a tidal wave of money being created and pushed at the system by the wave machine in the basement of the Fed. As the perceived deflationary pressures increase the wave machine will be turned up to ever-higher settings.
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I hear that the Comex Gold may default in 2009 sometime because they will not be able to deliver physical gold as promised when more and more investors lose confidence in paper.
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