Why the Gold Smackdown?

[Hansel H]

Quote from Crispy:

I love lower prices in the barbaric metal.

Long after the fantasy of civilization has passed the barbarians will still be around, trading in gold.

 

[Crispy]

Quote from Hansel H:

Long after the fantasy of civilization has passed the barbarians will still be around, trading in gold.

The barbarians were the civilized ones.

 

[Hansel H]

Quote from Crispy:

The barbarians were the civilized ones.

At least they were 'natural' -living in accordance with natural logic. Supply and demand is also natural; the limited supply of gold vs the unbounded supply of paper money makes gold the natural currency, paper money merely a hypothetical.

..or words to that effect.

 

[tmarket]

Quote from Hansel H:

At least they were 'natural' -living in accordance with natural logic. Supply and demand is also natural; the limited supply of gold vs the unbounded supply of paper money makes gold the natural currency, paper money merely a hypothetical.

..or words to that effect.

Did they know how to get the best bid and ask price of gold around the world on the internet, an invention created by a government they never had? What was the worth of such a government and infrastructure? Won't such a paper money created by said government be worth something or is it too "hypothetical"?

 

[rew]

Quote from ivanbaj:

<img src="http://www.kitco.com/LFgif/au75-79.gif">

Similar?

Actually, no. In 1979 gold went up 120%. In 2010 gold went up 29%.

 

[alpha_hunt]

Come on, everything is going good. Earnings are strong, economic fundamentals are improving, fed not giving and hint of further QE. Why would gold be ripping now? I still think the trend is up, but come on even climbers need to take a break once in a while. Friday it took off with this egypt thing going on despite dollar strength! There is still a gold bull market around the corner, lets not forget the $2200 inflation adjusted price acceleration equivalent (1979/80 ish) everyone is talking about.