Do you think the price of gold will ever reach down to 1100-1300 USD?

The government has been doing that forever. Seizing bank accounts, businesses and other assets when they want their money.

 

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All I can say is haters going to hate, its those "IDIOTS" like Elon Musk the
second richest man in the world that bought 1.5 Billion in BTC just a couple
of months ago, sorry but I would rather listen to him..LOL

 

O I bought 2 coins worth I am down a few thousand now but I can wait to get my money. Not everyone loses money in a Ponzi scam only the last suckers.

 

only a loss on paper, who cares..LOL , you
only realize the gain/loss when you cash
out.

 

nutbag link.

 

That would be Russia coordinating with... itself?

And since the worthless fiat dollar is obviously heading for hyperinflationary oblivion, they're casting their lot with the rock-solid, not-at-all-fiat... Euro?

All righty, then.

 

Yeah, the Euro that might be coming apart at the seems with the Greens ascendant in Germany, and rightist parties poised to strike in France and Spain.

Russian economy and ruble are jokes.

 

Russia is not a major trading partner, not like
China or Taiwan, were we get the el cheepo
hammers from, you will have some countries
depart are standard but give me a call when
it’s someone important...LOL

 

I was being sarcastic, I actually agree with JeffB.

Most people who focus on these tit-for-tat currency items ignore the need for BROAD and DEEP financial markets to handle big volumes.

Remember, it's not me or you or the wealthy guy moving a few million into bond or money markets or stocks that is the focus. It's the institutions, SWFs, Central Banks, ultra-rich who want to move a few billion -- or more -- overnight and get in and out without any risk.

Russia -- and China -- can't offer that, and that's without taking into account the legal and property rights issues.

 

BRIC:

Brazil: lots of problems, too export-reliant on raw materials and oil. Handling of PetroBras was a disaster the last 10 years.

Russia: small economy, reliant on oil and raw materials, property rights issues, legal system issues, Putin.

India: bureacracy and local vs. federal issues, regulation, legal issues (local vs. federal)

China: communist party, legal and property rights, transparency/accounting issues

 

I heard goobs croaking out fear over BRIC a decade ago. just shrill nonsense spouted by ninnies

 

Can opinions really be the same..LOL

 

What’s it at now. I just tried this thread now 10 pm ny Monday

 

Yep, absolutely the truth!

 

Gold rose into 2012 because of the European Debt Crisis. Gold peaked in October 2011.

It fell in 2013 because the Fed began to tighten during the "Taper Tantrum."

I can't see gold that cheap unless the Fed takes Fed Funds to 3% in the next 2 years.

You'd need a tightening Fed and BitCoin or other digital currencies galloping to suck $$$ out of gold to move it down $500/oz.

 

With fuel and labor cost so high I can't see anybody operating a mine below $1000/oz.

 

It takes money to make money...LOL