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The Real Price of Gold?

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posted on Oct, 6 2003 @ 03:19 AM
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I was sent this last week and forgot to post it. I have to say however that I personaly belive this infomation on this link is false if its not we have a huge problem.

Gold is here
www.321gold.com...

Silver is here
www.321gold.com...

Anyone want to comment on these.

Falcon



posted on Oct, 6 2003 @ 05:00 AM
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What's the deal? I see nothing out of the ordinary here. It's showing the number of combined Futures/Options contacts. Are you talking about the amount of position closes in a week? If so I would have to see some history before I could say something is up.

Maybe people think the dollar is strong again, now that would be funny.



posted on Oct, 6 2003 @ 08:48 AM
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Ditto. What is it that you find so strange? That's about par for futures trading.

BTW, the price of gold has been fairly stable (as has silver) since the 1970's. I bought some "investment quality" coins back in 1976 (and they are; St. Gaudiens, a true MS-63, for those of you who know coins) -- they're worth today what I paid for them.

The only exception to this was when the Hunt brothers tried to unsuccessfully corner the world's silver markets. Prices went up and then dropped to the usual position and mine output continued as always.



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