andy b

Four Reasons for an Immediate Rise in Gold

And then what? Then enters the global cashless society, where all money is electronic and you can't buy and sell unless you are part of the system. Then you won't even be allowed to use gold or precious metals as money or barter, only the global electronic debit system. Drats, foiled again!

What's that, you say? You don't want the government controlling every facet and detail of your private life? You refuse to get that microchip implanted under your skin? Too bad, you sold your soul a long time ago to the powers-that-be. You'll just be erased from the system's computers. No more buying or selling for you. Off with your head!

Plan B? There is no plan B.

"The current fake and tyranical monetary and finacial system is breaking
down. Eventually (at the very last possible second) the blind and
noisy multitudes are going to see this, and when they do there will
be the biggest PANIC and flight to precious metals than known in
recorded history."

Gold Poised to Move Higher

Your article states there have been 162,500t of gold mined in the entire world history, as of Q3, 2008. Of that, you state that central banks own 18% (29,784t) and investors own 82%. 18% of 162,500t is 29,250t, not 29,784t. That's a 534t discrepancy that needs to be clarified. Overall, I thought it was a great article.

Also, of interest, according to the World Gold Council website, the World Total Official Gold Holdings, as of December 10, 2008, are 29,697.1t. That would mean 87t have left the WTOGH's between Q3 (September), 2008 and December 10, 2008.

Let's see, 32,000 oz. in a ton x 87t = 2,784,000 oz. x current price of $885.00. 2,784,000 oz. x $885.00 = $2,463,840,000. That's apprx. $2.5 billion in gold sold off in the last 3 months by various central banks worldwide.