tag:blogger.com,1999:blog-326452550762506514.post7993170625931689902..comments2023-09-08T00:55:33.314-07:00Comments on A Cynical Look: A Cynical Look On Gold and the United States DollarUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-326452550762506514.post-28039085610846514282008-12-17T06:44:00.000-08:002008-12-17T06:44:00.000-08:00That is an interesting article, however its basis ...That is an interesting article, however its basis is in economics. Almost all of economic theory has over time proven to be flawed. This fellow has yet another flawed premise. <BR/><BR/>A more likely theory may be that gold(the metal standard for near eternity) is a faulty measure of worth. The collapse of the gold market is at hand. Here is some proof.<BR/><BR/>Inflation adjusted, gold may be purchased for less US dollars today than years ago. This is quite astonishing if it has a higher demand. The very fact that a spot buy of gold costs less now than it did then dismisses his credibility. Based upon the basic economic laws of supply and demand it should cost much more.<BR/><BR/>For those that supply the gold, they apparently don'y have enough to satisfy demand. This also violates the laws of supply and demand. Why aren't they producing it like crazy? As the author stated, gold is very abundant.<BR/><BR/> Perhaps they are afraid to make it more available because they know when to get out. Maybe they don't want to be stuck with it when the bottom drops out. Perhaps those that still want it are fools.godellebhttps://www.blogger.com/profile/13284405366857238787noreply@blogger.com