The correct answer is $647
Agreed
But this enviroment = speculative bubble betting on future hyperinflation (or some kind catastrophe where you want to hold physical gold).
I am not shorting gold. Like someone said earlier, recognizing a bubble doesn't give you an edge in trading it.
Question: If gold price tracked average inflation on a % basis (measured by a basket of the spot prices all the other popular/tradeable commodities), using data going back to the 1970's, what price should it be today?
If you have Bloomberg you can see the CDS markets. CDS on sovereign debt is booming since 2008 and almost a $1 trillion market. I see your point, who is going to pay, but in relative terms these contracts are not going to be tragically mispriced.
Seriously .... the CDS indicate US debt is nearly the safest in the world. The rates also were correct that Dubai was among the riskiest. The bond market is still going strong. Many nations have more government debt as a percentage of GDP.
Don't worry about the mercury, a healthy body is able to detox .... the real bad guy is the all the foreign genetic material introduced into your body. The vaccine, due to how it is manufactured, is a cesspool of bacteria and viruses. The filtering and mercury only kills large bacteria with cell...
+1
I know a couple of vegetarians and they are kind of wiry and nervous types. The real healthy people are the ones who live to 108, their secret is to have a glass of wine, red meat and a smoke every day, and they survive anyway.
It is pure mathematical wizardry, trying to calculate the path of least resistance. I have a dream of placing one gutsy trade around FOMC day and cashing in big.
Unfortunately, it is looking pretty useless: