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| ja, John, gold acts like currency. If it was not so then worlds' central banks would not keep it in their reserves, ja.
Deutsche Bank say in Sept. that gold is getting ready for zero...as in zero growth, zero yield, zero velocity, zero confidence...
say dollar will plummet in first 1/2 of 2013 to less than a 2,000th of an ounce of gold. Deutsche Bank say good money is gold and bad money is fiat currency.
People maybe don't understand gold so well. Bank say that Gresham's Law will have "good money (undervalued money) leave the country or disappear from
circulation into hordes while overvalued money (bad money) will flood into circulation." This thinking comes directly from Deutsche Bank so we consider the
source, ja. Now look at what is happening since Germany has called back its gold because of price suppression. Austria now wishes to do same.
Austrian Times just say: http://austriantimes.at/news/Business/2012-11-22/45593/Call_to_brin...
Gottlieb.
This explain Gresham Law more thoroughly, ja.
http://en.wikipedia.org/wiki/Gresham%27s_law
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Mining CEO discuss future of gold market
