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<p>[QUOTE=&quot;Morgan1878, post: 735544, member: 17869&quot;]Here&#039;s a few things that sent prices up..since I&#039;m on the west coast, I&#039;m probably posting this by the time y&#039;all go to bed. </p><p><br /></p><p><i>(Note to Elaine: You will like this news)</i></p><p><i><br /></i></p><p>There&#039;s an interesting article in Bloomberg about Vietnam. Evidently, the government wasn&#039;t allowing gold to be imported, hence if you wanted to buy gold, you had to deal with the captive supply that was in the country. This is akin to buying beer at the ball park where it doesn&#039;t get cheaper because the beer inventory is controlled. Any way, things are getting out of hand, the price of gold in Vietnam is at about $1530.00/oz. This could have negative implications for their unit of currency (and I&#039;m not making this up)..the dong. So, the government is going to allow 5 or 6 companies to import unlimited quantities of gold from outside of Vietnam.</p><p><br /></p><p><a href="http://www.bloomberg.com/apps/news?pid=newsarchive&amp;sid=aPA2HISVOVqU" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bloomberg.com/apps/news?pid=newsarchive&amp;sid=aPA2HISVOVqU" rel="nofollow">http://www.bloomberg.com/apps/news?pid=newsarchive&amp;sid=aPA2HISVOVqU</a></p><p><br /></p><p>Also, the Hong Kong Mercantile Exchange is going to offer a gold futures contract by January. They were going to offer a fuel-oils contract but &quot;priorities changed&quot; when it became evident there was more interest among consumers for gold.</p><p><br /></p><p><a href="http://www.bloomberg.com/apps/news?pid=newsarchive&amp;sid=aPXGD7Kcsejw" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bloomberg.com/apps/news?pid=newsarchive&amp;sid=aPXGD7Kcsejw" rel="nofollow">http://www.bloomberg.com/apps/news?pid=newsarchive&amp;sid=aPXGD7Kcsejw</a></p><p><br /></p><p>Today was interesting as well, because the dollar actually gained against the Euro, but gold still went up.</p><p><br /></p><p>And lastly, famed money manager Marc Faber said that we&#039;ll never see gold below $1000 again. </p><p><br /></p><p><a href="http://www.bloomberg.com/apps/news?pid=newsarchive&amp;sid=az6qQ8ZuXg9M" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bloomberg.com/apps/news?pid=newsarchive&amp;sid=az6qQ8ZuXg9M" rel="nofollow">http://www.bloomberg.com/apps/news?pid=newsarchive&amp;sid=az6qQ8ZuXg9M</a>[/QUOTE]</p><p><br /></p>

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