RE:not for those who choose to remain blind It's time the COMEX was challenged by other players out of the east. The nepotism and manipulation that occurs on that exchange is shocking.
BRICS are doing a stellar job of supporting PM prices, much to the chagrin of the big dealers who can no longer leverage the metals the way they used to. If BRICS is really intent on supporting 40% of their new currency (they're proposing) then it's going to be interesting at what price they want Gold to settle. $3k, 4 or even $5k !
The approx value (in dollars) of all the Gold in the world is (with Gold at $2.500 Oz) $15 Trillion, barely enough to support 40% of a major trading currency encompasing many countries, which is why Gold has a lot more room to go higher and why deposits such as Treaty Creek are becoming very important and sort after.
In GOLD we trust.