J P

Gold Bugs, Don't Dig In Too Deep

All of the developing and resource critical central banks have announced their intentions to increase gold supplies.

Sure western central banks will likely dump the last of their gold at some point (by the way, notice that all the pictures of the gold vault in the kids museum brochure you cited are from the 1980s?) The fact that you can't come up with a citation of how much gold is there to defend your position should be a clue to you-- why is it that fort knox has never been audited?

And why are you citing forieng owned gold as assets the US can use to prop up the currency? You're building in a gold confiscation into your assumptions without accounting for any other effects of it? (Who do you think owns the gold in the federal reserve depository in New York? Not the NY Federal Reserve, Federal Reserve gold, if any, is in Fort Knox. That vault is the US bullion depository for foreign entities and private US entities.)

The nickel exchange just went into default. The gold exchange is in a far more leveraged position as central banks short gold.

Why do you think they will be able to manipulate the market indefinately?