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« Bernanke Interview: Business Planning Implications | Main | Keynes v. Hayek: A Fight Over Economic Theory »

April 28, 2011


Rider I

I wonder if the Gold Prices have shot up because the Communist Chinese own a major portion of the gold mines and are creating export quotas against anyone else using the resource to create high technological productions. As the Communist Chinese are following exactly in the Soviets foot steps. From everything from creating a Bloc which is now called the Bric, to trying to implement a single world currency, to literally going on a resource domination campaign.

n Nomeni Patri Et Fili Spiritus

Rider I

Laurence Hunt

Bill, I've been following the gold sector since 2003. I agree that we will see a bubble in gold, but there are no bubble signs yet. Most obviously, it's not widely owned, and any buzz is short-lived, as soon as the price corrects. I'll talk with you again maybe 2018, 2019, about a peak in the gold price. In my view, it's a great buy here, under $1600.

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