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Message: Re: $1500 GOLD

Mar 11, 2008 07:09AM

Mar 14, 2008 08:00AM

Hi Kero,

IMHO its this financial, ecological and real world uncertainty that will drive the price of gold.

As uncertaintity rises people often search for a safe haven which gold has historically been. As ecological problems persist the cost of gold production rises and as scarcity rises, due to more regulation of gold producers, the price of gold will also increase. In addition the real world, which now includes India and China for the first time increasing their abilities to consume, is creating more gold consumption.

Over the long haul all of this bodes well for gold and gold producers with proven reserves.

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