2500 is where it "would be" approx if the gold standard was still in place(which many think it should be...apparently china).
that is pretty smart . My buddy he started buying gold when it first came off the gold standard . He bought his house with gold . Well he had to convert it first to green backs . When he needs some cash he cashes what he needs . Did you hear . It is Banks buying up the gold . I heard that yesterday. There is talk of Banks making a maneuver to go back on the gold standard by force . Not controlled by the government buy to back up there own assets so they can stay viable as the Dollar crashes . Or if they back them selves up with gold they won't give a shit if the Dollar collapse . Self Preservation of there own industry. I don't know how much validity there is in my post as I got it from other people. Those people are king of guruish when it comes to financial in my book of life
They are doing it 'cause China is doing it. You cant trust people to not print more money and devalue the shit out of it. With Gold there is only so much you can pull from the ground in a short period of time Please Register or Log in to view the hidden image!