posted on May, 25 2005 @ 07:32 PM
Personally, I don't subscribe to the "artificial price theory," having been a holder and trader in gold for almost 20 years now.
There is an international market with multiple producers, from the whole political spectrum. Oz, South Africa and South America are production
leaders, whereas SE Asia are the largest consumers.
Gold has growing industrial and information (read strategic) uses. If one country, or even a group of states, wants to try and control the price,
they will pay dearly for the privilege. DeGaulle's attempt to do so, and thus return France to a gold standard, helped wreck the financial world
order called "Breton Woods." And he failed for the simple reason that he was trying to corner a market that is bigger than any single nation, or
group of nations.
You can buy gold in bulk in practically any city in the US, with no records kept, and purely a cash transaction. I have never had any limits put on
my purchases, and have bought more than a pound in one transaction.
Generally, the more undeveloped a nation, the more its people value gold. For this reason, developing nations have private assest that frequently
rival or surpass that of Europe or the US.
The guy is buying gold because he is giving the seller probably $120 an ounce. If you like that price, I will gladly match it for you!!!!