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<p>[QUOTE=&quot;gxseries, post: 507645, member: 4373&quot;]Overall, there will be more gold production than last year, even factoring in South Africa&#039;s decreased output due to power supply issue and difficult mining operations. </p><p><br /></p><p>In my opinion, gold price is way overrated at the moment. There is a good reason why most of the European banks sold their gold back in the 80-90s and banks aren&#039;t THAT stupid. Gold is probably one of the WORST form of investment. If you want a 200% back return in gold, ain&#039;t going to happen. </p><p><br /></p><p>Same reason with oil prices that occured last year - &quot;OMG THERE ISNT ENOUGH OIL AROUND THE WORLD!!! QUICK BUY THEM UP!!!&quot; which led to a total panic buy and a total price crash. Hello??? Just how much higher do you guys want gold to go up? 2000USD? Sure, people that used to buy gold can&#039;t afford buying because it&#039;s outrageous. There is a price where you say, no sorry it&#039;s too crazy and not afford it. </p><p><br /></p><p>I&#039;m furious that threads like this encourage some form of gambling and a totally skewed form of speculation.[/QUOTE]</p><p><br /></p>

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