Price of gold

Discussion in 'Bullion Investing' started by Coin Chick, Dec 19, 2010.

  1. Coin Chick

    Coin Chick Loves Gold

    Do you think that the price of gold will remain steady for 2011?
     
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  3. webstandardcss

    webstandardcss New Member

    I believe it will increase as there is more paper money and debt in circulation.
     
  4. easttexasautos

    easttexasautos New Member

    Why will the price of gold increase if there is more money in circulation?
     
  5. webstandardcss

    webstandardcss New Member

    Historically, gold and money have been pretty much synonymous so pure Gold was immune from inflation. But that didn't stop currency inflation. In the early days kings discovered that they could "extend" their money supply by adding just a bit of lead to the melting pot. Unfortunately, as the percentage of lead increased the value of the coins decreased causing the first cases of inflation. (And also creating the habit of biting coins to see how soft they were and thus how much lead they contained).
     
  6. webstandardcss

    webstandardcss New Member

    The fake gold included a significant amount of bullion – about 51 per cent of the total – alloyed with seven other metals: osmium, iridium, ruthenium, copper, nickel, iron, and rhodium.

    The complex nature of the fakes suggest they were produced by a metalsmith with sophisticated equipment and extensive knowledge of metallurgical engineering.
     
  7. webstandardcss

    webstandardcss New Member

    I guess this mix of metals are the same density as gold.
     
  8. Lilly

    Lilly New Member

    How about rate of us dollar effect over gold?
     
  9. Coin Chick

    Coin Chick Loves Gold

    Interesting take on this webstandardcss. I never thought of it like this.
     
  10. Lord Roco

    Lord Roco New Member

    Its os high that gold is loosing popular market with the customers, right?
     
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