Ultimately, Turk predicts the price of gold will move to somewhere between $8,000-10,000/oz, and that we'll see even higher price appreciation in silver.http://www.peakprosperity.com/podcast/80609/james-turk
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I think the part everyone misses is in the US paper gold can only be sold 10:1 or 10 ounces paper for every oz on deposit. Outside the US its sold on paper anywhere from 50:1 up to 200:1 as in europe.
People playing in paper and not taking delivery are doomed once things fall apart. If one out of 10 people closes out their position on the same day to take delivery.....then there is no gold...period. At any price or transfer rate.
If you really think you have a chance with paper gold then you need to Google MF Global.
Hence the saying "If you can't hold it, you don't own it". I didn't realize that Europe etc, was so spread out on their ratios! wow. As a side bar, Germany wants to repatriate their gold from the Fed. It's anyone's guess that the Fed even "has" Germany's gold anymore, feet dragging alot now. Enter Mali, with the sudden fighting in Mali with the French (another holder of German gold), and the US as an "Advisor". I would not be surprised if the US had boots on the ground soon. Why Mali? Seems they are the providers of massive gold deposits, like 1/5 of the worlds resources. If the Fed ain't got Germanys gold, may as well "invade" Mali and take it. Sad if it's true, but that's the word...
Thats how we got the missing gold for Chavez. He called for physical and they had 95 ton, of the 119 ton. Libya had 88 ton thats missing. funny how that works.