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Oh Gee. We are all scared now. Farm yields will collapse without gold as catalyst on plants (NOT).Oh Jewellery will be made from copper - the horror (NOT)Gold is a junk metal with few if any uses. Its price is kept up by(1) Indian buying(2) manipulation in the past 7 years or so(3) pumping on the net and by people like the beckster in recent years.Lying, manipulation and internet cyber pumping could keep it up in the air for a while but Gold will not exceed $1900 / oz for 1000 years. That is an eternity.And it could fall hard, especially if Indian buying dries up.
"Gold is a junk metal with few if any uses.""Its price is kept up by manipulation in the past 7 years or so"Let me guess, suffering from a combination of our failed public education system, overdose of CNBC and Buffett and now Munger, and denial about the state of the economy?The ignorance amongst some is just astounding.
The evil speculators are short gold, they do everything in their power to push gold lower. Not working out very well for them.