Hi West Coast Guy et.al.

Snippet: "THE TRUE PRICE OF GOLD!"

Comment: I believe the real question should be "The true value of any fiat currency".

The true price of gold is easy to determine. It really hasn't changed since gold became the value of last resort (one ounce of gold is still one ounce of gold). Fiat, on the other hand, fluctuates at the will of many; i.e. Politicians, Banksters, even the "great unwashed i.e.the marketplace". Today the U.S. $ is worth less than 2% of what it did in 1912.

What determines the value of anything?

It really boils down to whatever "average Joe/Jane" has confidence in.

Today it is the U.S. $ (although the fiasco in Washington is starting to make him/her realize just what clowns they have instilled their confidence in).

But the truth is that "average U.S. Joe/Jane is not hurting enough yet, or else the "boiling water" still is not uncomfortable enough.

Time will tell.

"We live in interesting times"

Good Luck to all!