First let me say I am no expert, I can't afford to be but, I have friends who I consider to be and, they are not preppers or survivalists.
I study and study a lot things that interest me and like to get to the bottom of riddles.
i have found only three reasons given for the drop in prices.
1. the economy is improving. Is that true or is it just media propaganda. Is the economy improving for you or your friends and neighbors as a group. some will always do better and some will do worse it is a fact of an open trade policy. in order for an increase in the economy as a whole the whole economy must rise. I don' see people rushing to new jobs or returning to old ones. I dont see average business rushing out to buy new equipment or hiiring mass numbers of employees. how about you?
2, the dollar is stronger. Against what and who? Europe? they are already in the tank except for Germany and a few small countries with small economies like Switzerland. Look at their gdp per person against ours (be sitting down when you do).
3. less gold is being bought for production. because of the economic slow down. which is it an economic slow down or an economic improvement ? It can't be both ways accept, of course , in the public news medium. they can have it any way they want it seems or should I say the way the government information office wants it.
THE CASE FOR THE RISE IN GOLD PRICES.
1. China, India and Russia, three of the largest gold producers no longer sell most of their production of precious metals, they hoard them.
2. mining stocks in the U.S. are not rising. Production world wide is down. Big money stopped buying mining shares.
3. Germany has ordered 60 tons of gold stored here to be shipped back to Germany.
4. Several countries now buy oil with Gold not petrol ( U.S.) dollars.
5, China is buying 4000 tons of gold through straw purchase. We supposedly have 8000 tons. I would like to see an inventory.
just my .02
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