Think about this for potential gold at 50,000Oil rising hurts the U.S economy and others reliant on cheap oil
copper can't go up without industrial demand so it will remain low for a couple of years.
metallurgical grade coal, same thing
silver....will follow gold....unless industrially something changes.
gas....well it will need to reduce inventories to get any higher.
rare metals might go depends on the metal
if oil doubles then sure you get employment but then people can't afford to get around.
if you really want to level the playing field and start creating inflation then gold must rise.
it must get to around 30,000 to 50,000 and ounce.
Once that hat happens all the countries with a " responsible " gold to currency ratio will come ahead of the game.
the U.S would benefit immensely if indeed they have 8,133 tons as advertised.
because gold is being kept low it makes me suspicious that the 8,133 tons are not there !,,
if it was were, it would make sense that the U.S would want it to rocket to say 50,000 and declare a new gold standard.
just a thought
gold rising to 50,000 plus hurts no one ! In fact it will improve the majority of most industrialized economies.
something smells fishy here !
till next week