Spot Gold Price Now
Operator: Is the gold price being manipulated by the feds?
I think so. But now we have a new President of the Federal Board Reseerve, practice of using (illegal) gold swaps with foreign countries will stop and gold prices will fall in line with historical action. Together with rising inflation and U.S. interest rates, the nominal price of gold will rise to more than $ 2,000 an ounce. Assuming that the foregoing is true and the spot price Gold will reach its peak in May 2008, what is the best way to make as much money as possible with the least risk?
1 / GATA believes that was / is! In a broader context, I agree. 2 / I'm not sure what the final price in USD will be. HOWEVER, the price in USD may not be a good indicator.You may wish to use another currency. Gold / Dollar Index has referred to the major force in the $ USD price of gold box. 3 / For all the liquidity absord / Rationalize all curreny paper in circulation, eventually crossing the price I have heard cited was 50% higher and that was five years ago the last time I heard it. 4 / Questions exist as to the "real" amount of gold acutally on earth. The possible existence of larger quantities than ever officially recognized, enter the pool gold in the world through "gray" channels makes the potential damage (handling) in my humble opinion significant. 5 / With regard to building yourself this will eventually, junior precious metals stocks on the verge of development and production seems a good candidate. Lacking that, you could try a "repository-like" values, such as CEF, to try to lever movements. Attention here, as timing will be everything. Good luck
The Gold and Silver spot price declines.
