The reason gold (and other commodities) have gone so out of control on pricing is in part related to the fact that the US currency has been declining in value by 5% per year for the last 6 years. Could one contribute that $390/ounce (unadjusted for inflation!) of price is strictly related to that alone. The rest is related to the fact that the "traders" or the manipulators of money or the individuals that conduct faux "financial" transactions that add no economic value to the economy are setting a price for a commodity that is based on nothing but their own individual self serving greed and that it has nothing to do with economics or the reality of how LOGIC should be dictating pricing or value. Have a read of this tidbit (link attached http://www.sec.gov/news/studies/2010/marketevents-report.pdf) and once your head has stopped spinning around like the scene out of a bad Linda Blair movie, give it a shake. There is no logical basis for where gold is going except for the fact that the uneducated and corrupt traders are simply overlooking what everyone has learned in Accounting 101 and are raping their clients and other investors for nothing more than their simplistic greedy and corrupt self fulfillment.
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The reason gold (and other commodities) have gone so out of control on pricing is in part related to the fact that the US currency has been declining in value by 5% per year for the last 6 years. Could one contribute that $390/ounce (unadjusted for inflation!) of price is strictly related to that alone. The rest is related to the fact that the "traders" or the manipulators of money or the individuals that conduct faux "financial" transactions that add no economic value to the economy are setting a price for a commodity that is based on nothing but their own individual self serving greed and that it has nothing to do with economics or the reality of how LOGIC should be dictating pricing or value. Have a read of this tidbit (link attached http://www.sec.gov/news/studies/2010/marketevents-report.pdf) and once your head has stopped spinning around like the scene out of a bad Linda Blair movie, give it a shake. There is no logical basis for where gold is going except for the fact that the uneducated and corrupt traders are simply overlooking what everyone has learned in Accounting 101 and are raping their clients and other investors for nothing more than their simplistic greedy and corrupt self fulfillment.
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