RE:RE:RE:RE:Updated Feasibility Study and Gold Price Assumptionsmetalhead666 wrote: Oh really? Housing is already collapsing. Stocks and bonds both had worst first half in 60 years. Double the interest on the national debt, corporate debt, consumer debt...do the math. Italy, Spain, Portugal, Greece already tettering on the brink again with zero rates! Inflation at 40 year highs. War in Europe. Do you live under a rock or are you just stupid and gullible?
If all these things are true, why is the price of gold still under $1,800...?.....What is it waiting for...?.....Unlike copper, iron ore (steel) and aluminum, gold is a commodity with very little practical utility (jewelry and extremely tiny amounts in electronics is about it), There are no solid gold cellphones, cars, refridgerators, etc., you can't eat gold like you can wheat or corn or oats.....so gold is only worth what someone else is willing to pay for it, and that amount is very subjective and tyicallly based on the mood swings of the market.