Quote:
Originally Posted by TheDoc
If the 'supply' of gold was a factor in the price of gold, then gold prices wouldn't have ever increased and for sure never increased like it did.
The value of gold is fake, it's not based on the supply of gold. It's going to come down, but not because the supply increased.
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You can not look at gold as a normal commodity. There is nothing fake about it. When fiat currencies begin to lose trust people often put their money in gold. People have done so for thousands of years and will continue to do so.
I would not be surprised to see gold hit around $5,000 an ounce, the DOW hit around 5,000 AND the /DX to be over 100.