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Author Topic: The REAL value of gold  (Read 538 times)

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Offline Matthew

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The REAL value of gold
« on: April 02, 2008, 11:39:43 AM »
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    Offline Matthew

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    The REAL value of gold
    « Reply #1 on: April 02, 2008, 11:40:53 AM »
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  • Now if it was a case of "Oh darn, people are just selling their gold. Gold is losing favor because everyone is optimistic about the economy, blah blah blah" then how come the US Mint wants to sell that $890 gold for so much money?

    I think what they're charging is the REAL, down-to-earth, man-on-the-street value for an ounce of gold.

    Remember, the only reason it's $890 is because the huge banks (run by Jєωs) sell tens of thousands of paper contracts on the market -- usually to each other! It's all paper and derivatives.

    Matthew
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