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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (25575)8/23/2011 2:50:42 AM
From: benwood  Respond to of 29622
 
"Gold will become risky to wear in public."

I believe the same thing; or more accurately, I have thought the same thing. Not for now, but when gold hits 3k (not so far off any more), 5k, and 10k per ounce. I watched a youtube of an interview in Zimbabwe a couple years ago where these horribly poor people were panning for a few grains of gold a day with which to buy food. No gold, no deal, they were told. No gold, and they don't eat.

We won't collapse that far... probably. One never knows how self destructive the corporations and elite will be in grasping at the final wisps of wealth.



To: GST who wrote (25575)8/23/2011 9:19:20 AM
From: ecrire1 Recommendation  Read Replies (3) | Respond to of 29622
 
Gold jewelry demand has accounted for 60 to 70 percent of yearly production. Is all this demand supposed to be replaced by central banks and investors,not to mention additional supply from meltdowns? I think hardly likely. But it's the type of thinking that goes along with very exaggerated price projections for the future.


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