re: #294 lostlakehiker

I used to think that too, that gold couldn’t go any higher. And higher it went. Here’s the snag: many mines are playing out. China and India, both with many civilians who cannot depend on their government to provide for them in their old age, and whose families are small enough that that won’t work either, are big markets for gold. The buying power of these people is surging.

In purchasing power parity terms, China is already nearly the economic equal of the U.S. Gold might drop 50% but it’s not going to just up and collapse.

///Not until the fabulous gold mines of Antarctica can be brought into production. Right now the ice is in the way but that’ll clear up in a few centuries. ///

Nah you are forgetting all the giant gold reserves in America and held by other little nations. The second one of them gets greedy and sells, it all comes down.