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Gold's Fundamentals: 'Extremely Appealing'

On Nov 01 12:24 PM bowman711 wrote:

> Don't forget the 'new Bretton Woods' meetings starting in two weeks.
> The 1944 Bretton Woods agreement established a gold basis for currencies,
> including the dollar. Several heads of state are openly calling for
> a new currency that is based on gold.
>
> Many authors have made an excellent case that gold is being heavily
> manipulated by the Government through a handful of bullion banks.
> While most seem to think that the purpose of this manipulation is
> to disguise the fall in the dollar (until recently). However, government
> manipulation of gold (and silver) does not seem to have abated much
> with the rise in the dollar. You can't say that government manipulation
> was to disguise the value of gold when the dollar was going down
> if manipulation continues when the dollar is going up.
>
> Could it be that this 'new Bretton Woods' agreement will put the
> dollar back on the gold standard? If so, where is that gold going
> to come from - enough for world trade? Maybe the Government manipulation
> of gold, keeping it low in spite of all fundamentals otherwise, is
> preparation for a declaration that private ownership of gold is outlawed,
> after which the governments will want to 'buy' it from gold holders
> at the lowest possible price to support their currencies?
>
> Time will tell.

My guess, too.