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| I don't think we have a disagreement, John. My post was written badly if that is how you interpreted it. I was simply trying to say that gold is just another market, with buyers and sellers. It is driven by the *perception* of the fundamentals. What makes me shake my head is when people are so sure that it is manipulation that is keeping the price down - when the reality is probably that it can only go down when everyone is bullish.
Again, I have no argument with your putting some of your wealth in gold. As discussed already, it may or may not be worth anything (in a private individual's hands), but nothing else will either (probably). | |
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Germany also continues to take back gold.
