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<p>[QUOTE=&quot;Juan Blanco, post: 1605721, member: 41665&quot;]Fallacious reasoning, largely because &quot;a dozen years ago&quot; is no accurate nor acceptable baseline. Use an averge 10-year metric, to screen outliers from the focus.&nbsp; But even that cannot account for the unprecedented move <i>away from the USD: </i>hat&#039;s the deal-breaker, in future terms we cannot fathom.</p><p><br /></p><p>The highly volatility nature of USD/POG is a function NOT of the instability of Au (Supply/market) but rather of the Dollar itself. The DOLLAR&#039;s depreciated value - and Gold&#039;s <i>relative stability </i>against other commodities - is what&#039;s noteworthy. Grains look to be catching up with Gold pretty quickly - as that continues (again: look at the Medium- or Long-Term) this will confirm Gold was a leading indicator of the Dollar&#039;s incipient rapid depreciation/debasement. For Au, 2001-2008 was only the first stage in <i>an epic bottom</i> NOT a &quot;top.&quot; </p><p><br /></p><p>As one example, THIS is why Iraq&#039;s CB added 768,402 ozt Au this past Fall, after previously holding almost no Gold. In other words, little Iraq (total pop. ~ 1/10 the USA, or New England + New York State) bought nearly as much Au (80%) <i>in about a month </i>as the US Mint produced in all of 2011. And Iraq is obviously not the only USD-pegged economy diversifying away from the &quot;reserve currency&quot; ... it&#039;s a global phenomenon.</p><p><br /></p><p>As said before, US coin production (for retail folks, like CT) is actually pretty insignificant to global demand. What we&#039;re all witnessing is a pardaigm shift. Be aware that foreign USD-holdings become a &quot;threat&quot; as Monopoly money gets dumped for the REAL thing: Powercash, Real Money. That inflation we&#039;ve long exported will come back to haunt us eventually (and perhaps, SOON.)</p><p><br /></p><p>In the end, and missing the train, only Dollar dupes will be left holding our worth-less Paper. Watch these foreign CBs and SWFs: their demand (and not US retail) is the floor under Gold. As you should expect now and going forward, the real story is really in MENA and Asian countries:</p><p><a href="http://online.wsj.com/article/SB10001424127887324461604578190841374704164.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://online.wsj.com/article/SB10001424127887324461604578190841374704164.html" rel="nofollow">http://online.wsj.com/article/SB10001424127887324461604578190841374704164.html</a></p><p><br /></p><p><b>&quot;There isn&#039;t another one coming, is there?&quot; </b><i>Oh yes there is, dearie... but maybe not until 2014-7...</i></p><p><i></i><b>[ATTACH]226545.vB[/ATTACH]</b>[/QUOTE]</p><p><br /></p>

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