Well banks about 3 years ago began to purchase up all the future contracts on gold. This was the final straw when I pulled my money out of the market back in the fall 07. At least my company's investor had already moved most of our investments into more secure ones prior to the meltdown. I could not get it out prior to February 08. I lost a little not being able to get into gold until then.
The thing was, a lot of people bought into the gold paper. Not actual gold. I myself went right to the ingots and not the other. I was worried if the economy really hit the #ter those would be worthless also.
The banks try to manipulate the price of gold to keep their currency in line.
Going by the value of gold at it's highest (in relation to adjustment for inflation), there is still another $2500 of movement possible (in today's dollar).
As for the other commodities, I do not keep up much with the market anymore that I have nothing in it. I am crapped out anyway. Sold my last ingot and now I am wondering if I should stock up more on another precious metal-lead.
I have prepared, but like others have said, I am only prepared for about a medium length problem. 1-1.5 year problem. Of course, I am near lots of natural resources so, if it really goes downhill, I could last longer that way.
Going to keep an eye on the other markets as they come online tonight though.
