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While I think people should be able to invest in it, their needs to be a way to keep the traders from artificially inflating prices...but, there isn't.
Lot's of money to be made on bubbles.
We rebuild, they inflate, bleed us, then leave us for dead.
The beautiful thing about Gold is they cant print anymore of it.
there is active speculation in the gold market just like what drove the oil market to record highs and is keeping it up where it is.
Gold is also a raw material...it has a use for jewelry and in manufacturing of all sorts. This is the only real market for gold. Don't see any shortages in those areas.
Nothing keeps the speculators from making their money and disappearing. It ends up costing each and every one of us. This is truly what todays economy is all about.
It's totally wrecked our economy.
True market is a thing of the past.
RIGHT CLICK>VIEW IMAGE to see full size
Pit Row
and the economy failing, Obama failing and in turn our Nation failing is the ultimate goal, regardless of the consequences, because then that makes them "right" and empowers them to their blind followers
But, the money is in play. Just not in a productive way.
flarider nailed it why the right wingers are pushing gold . manufacturing a self fufiling prophecy .
gold at 300? not for decades .... too many big economy countries with massive debt loads for that to happen .
http://money.cnn.com/2010/09/24/markets/thebuzz/index.htm?section=money…
Just another example of how phony our economy really is.
14. George Soros
Net Worth: $14.2 billion
Source: Investments
Residence: Westchester County, N.Y.
Age: 80
America's wealthiest hedge fund manager has been cashing out of U.S. equities lately and moving into gold, holding the equivalent of 16 tons of the stuff through a gold exchange-traded fund. Another big investment: liberal causes. Through his $2 billion Open Society Institute, Soros pledged $100 million to Human Rights Watch in September, in part to counteract America's loss of the "moral high ground." He also gave $50 million to the Robin Hood Foundation, a favorite of Wall Street types. The prolific philanthropist has given away more than $8 billion since 1979. Now the Hungarian immigrant is looking to Asia; he bought 4% of the Bombay Stock Exchange in August. Soros founded the predecessor to his Quantum Fund in 1969, later bringing in Jim Rogers, and he reportedly made $1 billion shorting the British pound with Stanley Druckenmiller in 1992. He locked out new investors in 2000; much of Quantum Endowment Fund's $20 billion in assets are said to be his.
20. John Paulson
Net Worth: $12.4 billion
Source: hedge funds
Residence: New York, N.Y.
Age: 54
Paulson made $3.5 billion in 2007 shorting stocks of companies that sold subprime mortgages to those with less-than-perfect credit. Now he's betting on gold: His fund recently bought a 9% stake in NovaGold Resources and is one of the largest holders of gold exchange-traded funds. Paulson's bet against subprime referenced in SEC suit against Goldman Sachs. Two months later his Paulson & Co. bought shares in the firm; he's also been investing in gaming outfits like Harrah's and MGM. He got his start at Odyssey Partners, a private equity and hedge fund and later became managing director of M&A at Bear Stearns. He founded Paulson & Co in 1994. The tycoon currently owns a 10.4-acre estate on Southampton's Lake Agawam.
Oh wait those guys are big Obama supporters.
how can this be?
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