RE: $440 Gold? Read this ArticleThe only way that gold is going to reach that level is if the US dollar is totally devalued or some major financing fiasco should happen in the US. Having followed gold for many years and have experienced at least 50% decrease in my gold stocks in the last week, I'm beginning to lose hope that this will happen.
The US will do everything in its powers to devalue the gold and silver price as they have been doing for the last 100 years. The Us is not alone, most european countries have jumped the band wagon and followed the US on this policy.
Its going to take some major catastrophy for gold to reach 400US. I'm beginning to realize that times haved changed!