Deegan

What Is Going On With Gold?

I haven't read much about the price of gold and silver being manipulated by the govt. lately. While many in the field know it is happening, no one seems to quite have a handle on just how it is being done on a world wide scale.

At some point the demand will increase to the point where there is no bullion availabe for sale. Were close to that point now with the long waiting lists to purchase any form of gold or sliver under 100 ounce quantities.

I buy it as a form of insurance that my retirement will be secure. If it isn't needed, I still have the metals and will be able to sell them probably for more than I paid for them.

However, with the huge deficits run up by the Bush administration and now even larger deficits on the horizon from the Obama administration, I find it difficult to believe that we won't have massive inflation. Just who in the world will buy our treasury bonds? China and the Saudis don't want them. In fact they are buying large quantities of gold. With the arabs looking to start a new bank and a new currency just what will that currency be based on? My bet is that it will somehow be linked to the precious metals. That will be the currency that oil will be priced in after the dollar falls from it place as the world's reserve currency.