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<p>[QUOTE="C Jay, post: 579547, member: 13184"]I don't think gold will ever be supplanted as "the" monetary metal, however, I think is currently being augmented due to the size of the world economy. Platinum has been monetized and it wouldn't surprise me to see a palladium eagle in our future. I don't think that this will drive the price of gold up or down but go more toward filling an increasing demand for precious metal.</p><p>As for the "gold bubble", it does not exist. In order for there to be a gold bubble, the price would need to spike against all the world's currency, not just the dollar. If I remember correctly, each time gold hit $1000.00, the dollar index was in the toilet and gold held against most other currencies. So my question is, why did the dollar sink so low that it took a thousand of them to buy one little gold coin and when is the economy and dollar going to be strong enough so I can scoop them up for a couple of hundred buck a piece?[/QUOTE]</p><p><br /></p>
[QUOTE="C Jay, post: 579547, member: 13184"]I don't think gold will ever be supplanted as "the" monetary metal, however, I think is currently being augmented due to the size of the world economy. Platinum has been monetized and it wouldn't surprise me to see a palladium eagle in our future. I don't think that this will drive the price of gold up or down but go more toward filling an increasing demand for precious metal. As for the "gold bubble", it does not exist. In order for there to be a gold bubble, the price would need to spike against all the world's currency, not just the dollar. If I remember correctly, each time gold hit $1000.00, the dollar index was in the toilet and gold held against most other currencies. So my question is, why did the dollar sink so low that it took a thousand of them to buy one little gold coin and when is the economy and dollar going to be strong enough so I can scoop them up for a couple of hundred buck a piece?[/QUOTE]
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