By: Bryan

Bryan — Sun, 20 Jun 2010 02:20:17 +0000

With all the negitive hype saying gold is too expensive and it will crash ,given the seasonality of gold and the high price now, if it holds within 1220 the next few months beware of a huge 15-25% spike (depending on the dollar and a posible liquidy crunch) The newly accurired central bank gold in emergining nations its unlikely we will see 1000.00 again. Hoarding of gold as alternate money worldwide will overwealm the short sellers because eventually it would lead to default if gold were to be selling worldwide for a huge premium. In the housing bubble large amounts of credit pushed up the price and mearly everyone was envolved, Gold in your hands has no debt as borrowed (leased) gold does.when others want more actual gold someone has to be willing to sell at the futures price and it works fine in an event 1-2% of the gold only gets delivered,if you sell quarters for 20 cents if you can afford to take delivery you will find a way, just wait till credit inmcreases in a few years this is happening with nearly no credit. Just another way at looking at the gold price trying not to see just the way the us citizen views it but facturing in overall world view.If you have no gold buy a small amount at substancially different prices so you limit your overall average, actual gold should be considered as savings not speculation and a few years later or more you will have a safe feeling inside because it can be converted to any currency anywhere or a large down payment for when interest rates finally rise and save you money.

Comments on: Bullion Prices & Business Weekend Recap – June 19, 2010

By: Bryan