Originally Posted by watermock
I pasted an article how gold price on the comex is fixed (in particular by the US fed) even more than oil.
China and India are hoarding Gold both privately and publicly, along with other commodities both refined and raw because of the uncertainty of the dollar.
If all the options were taken delivery of, the spike in gold would be at least 1000.
Why? Crude Oil is worthless unless it's refined and consumed, all the gold in the world could be placed in 1 vault for a million years..there is no place to even put all the oil if it were to be taken delivery of.
Which is why oil has been a good buy.