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<p>[QUOTE=&quot;cubenewb, post: 1004420, member: 25644&quot;]Hey there! I&#039;ve always been a silver guy, but I have some questions about gold and gold pricing, in general:</p><p><br /></p><p>- How much of today&#039;s gold price is due to speculation and investment pools? It seems to me that as the price goes up the only justification is that &quot;Gold&#039;s Hot!&quot; Is gold rising in price for any reasons other than speculation? </p><p><br /></p><p>- Is it true that the refinement process adds a large premium to the cost per ounce for gold? I heard somewhere that at least $500.00 per ounce is solely for the refinement costs; is this bogus? It seems like it would be, but I don&#039;t know what to believe.</p><p><br /></p><p>- My last question regards all precious metals, and I guess all commodities, in general. Say the U.S. dollar loses strength over the period of a month. This decline in the purchasing power would effectively raise the price of gold/silver/oil, right? Or is it the other way around; an increased demand for commodities effectively weakens the dollar? Or do the two things effect one another simultaneously? I haven&#039;t taken an economics class before so I&#039;m a little confused about which factors effect other factors.</p><p><br /></p><p>Thanks in advance for responses <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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