RE:RE:RE:RE:RE:RE:only one more hour to get to 6.0 for KNTNFwhy be concerned about industrial application when all through history of thousands of years it has mostly been
financial application as money that survives all fiat. and now is by far the most fiat printing in human history. if all fiat goes down, then all gold has to do is remain the same to increase in value priced in depreciating fiat. the governments are printing hundreds of times faster than the 1% added by explorers.
cyber37 wrote: My point was that analysts’ predictions of gold going to exuberant levels was just ….idiotic & IMHO markets will be lucky to sustain $1900/oz (+ or – few $$$ either way) longer term. De-basing this shinning metal from US $$$ made it more free for speculators to have some fun with it and that includes ‘naked shorting’ it – selling non-existing positions. I don’t quite understand gold trading dynamics but as we can all see the ballistic recent rise from $1600 to 1900 created a (temporary) gold rush in exploration. If only 10% of new explorers are successful IMHO this will more than offset demand for this metal ….that has rather limited industrial application – hence my comment; ‘can’t eat gold’. Go KNT....go!
G37