Gold ETF Reaches One Dollar Per Tonne [View article]
Yes, based on the world economic conditions, gold should be at least $1,000 BUT the market for gold and silver is being manipulated by the cash cow countries whose printing presses are running overtime like the USA but have very little gold reserve in relation to their fiat paper. They bolster the dollar (as they hold tons which if they didn't the price of gold would be $2,500 plus) and drive the price of gold down to pick up more gold and gold mining stocks daily. Manipulation of American stocks also enables them to make daily gains at the cost to middle American investors, the major supporters of the American economy. I only hope that our gold reserves are still intact.
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Yes, based on the world economic conditions, gold should be at least
Oct 23 11:54 am
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All Comments by HBWOW »Gold ETF Reaches One Dollar Per Tonne [View article]
$1,000 BUT the market for gold and silver is being manipulated by the cash cow countries whose printing presses are running overtime like the USA but have very little gold reserve in relation to their fiat paper. They bolster the dollar (as they hold tons which if they didn't the price of gold would be $2,500 plus) and drive the price of gold down to pick up more gold and gold mining stocks daily. Manipulation of American stocks also enables them to make daily gains at the cost to middle American investors, the major supporters of the American economy.
I only hope that our gold reserves are still intact.