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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (23939)	10/11/2007 9:43:17 PM
From: energyplay	Read Replies (4) \| Respond to of 217739

This is a good point - >>>"truth be told, there is no correct price for gold, as long as the world runs on paper money like there cannot be a correct price for the only parachute on a doomed plane."<<< That requires the 'near end of the world' sceanario. A few nuclear bombs going off, SARS or bird flu, coups, social breakdown, etc. This means a panic reallocation of capital to gold by many people. >>>"physical gold is never to be sold, only to be passed on"<<< I think Platinum fits this category better. Gold has acquired an industrial tint - new supply will respond to high prices. Many speculators have loaded up under $500. At $1500 they will have 3x, and some will take a little off the table. Those who bought under $350 will be looking at 5x over $2100. Some will want to pay off the mortgage, pay school bills, medical bills, etc. Gold is a trading vehicle for many holders, and in the absense of panic, they will do the buy low - sell high thing.