JMO.... I don't think we will ever see Gold below $1000/oz for a couple of reasons.
1. Limited supplies
2. China and India are major players with huge populations.
It's the same reason we won't see oil below $70 a barrel again. When China and India came onto the market, oil costs went up with the speculation of limited supplies.
3. Foreign countries are playing games with eco regulations and confiscating property from the private businesses to pay for their enormous debts. We all know how well govt runs busineses.
In our country, we have eco fascism reducing the size of land for the private individual all in the name of environmental collectivism and the endangered species act. Don't forget the political games that are played by the power mongering politicians.
I am curious to see what happens when China creates their own gold commodity exchange market. I know one thing, the Chicons love to gamble. Go into any California casino, majority of the players are Asians.
After my reviews I believe Gold will hit $2000/oz in 2012. Where will SFMI be in 2012?
This is how this reporter sees it.
