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<p>[QUOTE=&quot;spock1k, post: 589745, member: 7043&quot;]just dont come looking for me if it doesnt work out <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p><br /></p><p>Gold remains ultimate form of payment</p><p>US debt levels unsustainable – dollar losing status world reserve currency</p><p>Gold prices required to counter balance all US public debt held in foreign hands exceed the $10.000 mark</p><p>China, Russia calling for new world reserve currency</p><p>Gold is sneaking its way towards the $1000 barrier again which is prompting as usual the gold bears to come out swinging declaring the end of the bull market for gold. For newcomers to the gold market it’s very confusing to hear ultra bearish reports from one side calling gold prices to crash, some even predicting gold to crash below the $300 mark while from the other side they’re hearing ultra bullish reports calling for gold prices heading to $5000, some even predicting gold prices to top $10,000. Well, that’s quite a difference and sure enough some analysts will be proven terribly wrong over the next few years.</p><p><br /></p><p>In my previous piece ‘Gold Heading for $200 or $10.000’ part I wrote a fictive exchange between a staunch gold bull and a newcomer to the gold market being fed with all bearish arguments for gold you can think of. This piece was received very well since it was a real eye-opener especially for newcomers what gold is all about and why it is so much hated by governments today. Readers having missed that piece can read it HERE.</p><p><br /></p><p>This update is again aimed at newcomers to the gold market and shines a light on all fundamental reasons to own gold.</p><p><br /></p><p>When I started writing about gold 7 years ago (2002) it was my aim to paint a clear picture about gold’s strong fundamentals pointing to significant higher gold prices the years ahead. I started writing a Gold Drivers Report discussing all critical drivers (declining dollar, increase demand, decline supply, negative real rates, come back in monetary system and record high short positions) that were pointing all to much higher gold prices indeed.</p><p><br /></p><p>Now after 7 years one could easily argue that the Gold Drivers Report has been a lucky shot indeed since gold did appreciate from $250 to almost $1000 but to set things straight, I’m not writing this piece to prove up my point for the last seven years but to make the case for a record run still ahead of us. Especially during times like these where many gold bears are screaming ‘SELL’ it’s good to know where gold came from, why it did rise from $250 to $1000 in the first place and how the critical drivers that lifted gold are affected these days.</p><p><br /></p><p>So gold bull over or $5000 gold?</p><p><br /></p><p>read more here</p><p><br /></p><p><a href="http://www.coinnews.tv/Gold-to-Two-Hundred-or-Ten-Thousand.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinnews.tv/Gold-to-Two-Hundred-or-Ten-Thousand.htm" rel="nofollow">http://www.coinnews.tv/Gold-to-Two-Hundred-or-Ten-Thousand.htm</a>[/QUOTE]</p><p><br /></p>

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