Re: No wonder gold is dropping like a stone....
in response to
by
posted on
Oct 16, 2008 10:12AM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
Is it possible that gold is dropping because no one has money to buy it? If you have financial obligations then the money is tied up. There is no money left to buy gold or it's in stocks that are down so much that the loss is so large it can't be taken(?)
Perhaps people are SELLING gold to meet obligations...
So, if banks collapse, who'll have money to buy gold?
If the financial system dies why should gold have any value? Life sustaining commodities should be the new currency.
Hello barter system...