RE: GOLD SALE ENDS SOONI am not rebuffing your post or the author of it, although I highly doubt there will be a dramatic collapse as the author predicts, or even a dramatic rise of the price of gold higher than $100 in a day, close to what we have see so far.
If I oversimplify my argument, it is due to my belief that we learn from past mistakes, and our better thinkers in government and banking will outmaneuver the problem, with setbacks of course.
I heard yesterday on the news that China is calling for an international currency to replace the US dollar, that the IMF could use as a more stable alternative. You can bet that whatever they come up with, the US will have a big say in negotiating the conversion rate for other countries to exchange their US dollars.
This is bigger than me, and really not my forte, so I will quit while I am ahead. Doomsday saying has allways been there, look at Y2K.
Any doomsday that happens, will really come without any warning, "like a thief in the night" , IMO, if I can quote a source familiar to some.
Good luck to all, hope you can cash in on any gold run, big or small, just time the crest right so you are not the last one out of the pool when the bubble caves.
GLTA.