The Gold Price is in Uncharted, Never-Before-Traded-In Territory

[goldsworthy]

http://goldprice.org/silver-and-gold-prices/2009/10/gold-price-is-in-uncharted-never-before.html The GOLD PRICE hit a high today of $1,048.10. It is still advancing, but spent today catching some breath. Gold is in uncharted, never-before-traded-in territory but a close above $1,050 -- a round number -- will attract attention and buyers

 

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[Cappy Z.]

I also read where a huge gold 'bubble' is being created by manipulation...many people might end up losing their life's savings...sound familiar?

 

[goldsworthy]

There is no bubble in the gold and silver markets because there is no excess speculation going on in the gold and silver markets. Gold and silver market bubbles are years away from now. Sentiment indicators are very bearish (which is very bullish in reality) for gold, silver and the shares. Most people in the English speaking world can not understand why anybody would want gold and silver because they can not understand what anybody would do with the stuff. That is like sayiing why would anybody want real money (which gold and silver are) because they can not understand what anybody would do with real money. Most people in the English speaking world have been brain washed over a number of generations now into valuing digital token bits on some company's or government's hard drive (which they have little control over) over real gold and silver. Most US dollars, Euros, mutual fund shares, stock shares, bonds are nothing but digital bits on a hard drive in some computer somewhere. The entities that actually own, have real control over, the hard drives actually own all those digital US dollars, Euros, mutual fund shares, pension funds, stock shares, and bonds. Most in the English speaking world have been conned into giving up real ownership of the value they produce every week, conned into putting it into the control (real ownership) of other entities for safe keeping. Conned into believing that they do not have to think or worry about or work at their future retirement and healthcare funds. That those are all being taken care of by entities that they can trust. Well, who takes better care of property? The owner or a non-owner? There are hundreds of millions of people that are in for a rude awakening when they realize they have had massive amounts of value stolen from them. Gold and silver, that you actually own because you actually control it, are the ultimate safe store of value.
Yes, it is a radical idea for most English speaking people to actually go out and buy the actual metal. They are quite uncomfortable with this idea. Which is another reason why there is no bubble in the gold and silver markets. And, there is only a tiny minority of people in the English speaking world that actually take responsibility for themselves and the safe keeping of their own wealth, that are storing a large percentage of their wealth in gold and silver right now. Which means there is no bubble in the gold and silver markets.
http://goldprice.org/bob/2006/05/there-is-no-gold-bubble.html

 

[goldsworthy]

The dollar is crashing today and gold is riseing! Last trade 75.942 Change -0.552 (-0.71%)