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<p>[QUOTE=&quot;Maxfli, post: 2160889, member: 69089&quot;]As Kurt said, the price of gold is controlled neither by coin collectors nor by hoarders preparing for an impending economic apocalypse.</p><p><br /></p><p>Gold is a commodity, and ultimately commodity traders set the price. Commodity prices rise and fall in correlation with supply and demand. (Other factors can affect prices, but no need to go into that for this discussion.)</p><p><br /></p><p>With the global economy rather stagnant right now, demand for industrial commodities is soft across the board — look what&#039;s happened to the price of oil.</p><p><br /></p><p>Speaking of oil, there&#039;s an interesting correlation between it and gold — historically the two have tended to trade in the same direction, which is why gold bugs keep a close eye on what&#039;s happening with oil.[/QUOTE]</p><p><br /></p>

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