RE: RE: RE: RE: Flight to Gold! to addI also might add that to produce an ounce of gold has also gone up. Cash costs have come down a little but not much. The sad thing is.... that there is way too much wrong information out there.
I hope everyone is right.... But the sad truth is... only one side will be right.
Interest rates will NOT be at zero forever. higher rates = inflation= higher gold price period.
also to touch on the currency thing. Yes if the UDS loses value the CDN goes up which makes gold price lower, however, then that hurts the manufacturing sector thus the economy. since we basically do everything that the US does, both are a fiat currency that will both get pummeled albeit at different times.
cheers,
D