Oil Embargo in 1979 send Gold, Silver, and Oil to the moon.
Gold went from $225 to $512.00 (because of Iran)
I see Gold heading to $2500-$3300 in 2012 (because of Iran again)
you might be right stodsall
There's a possibility that China stop buying the USD
China buys like $25-$30 billion a month of US Treasuries, if they stop buying USD ... you see the USD go belly up in a very short period of time
AUSTERE CHALLENGE 12 going to send Gold, Silver, and Oil higher in the coming weeks.
Austere Challenge 12 .. the stated purpose is to "test multiple Israelie and US air defense systems, especially the "ARROW system", which the country specifically developed with help from the US to intercept Iranian missiles".
Nine thousand US troops have been dispatched to Israel to participate in what is described by the Israelie press as the LARGEST JOINT AIR DEFENSE WAR EXERCISE in ISRAELIE HISTORY.
Obama send the 5th Fleet to The Strait of Hormuz (IRAN).. with 3 aircraft carriers, 40-50 ships, plus submarines. On top of that, Obama ordered the re-deployment of US Troops back to Iraq and Afghanistan immediately... beefing up troops in Iraq and Afghanistan.
If War breaks out in The Strait of Hormuz, there's a high possibility that Iran will fire their long range missile at Saudi Arabia, Israel, Iraq, and etc., going to be total chaos.. sending Gold, Silver, and Oil skyrocketing to the moon.
Iran faces >> WAR / OIL EMBARGO / BLOCKADE
These events will drive gold, silver, and oil prices much higher from here
China banned export of Gold.. keeping all the Gold.
China also bought more Gold on last year dip.
very bullish for Gold