What will cause gold to take off again...???

A lot of you are in a semi panic because gold has been hammered down.

You're being told the run is over, it's a bubble etc.

But it's really a matter of timing. If you own 600 ounces of gold at $500, this pull back is not a big concern for you. If you own 200 ounces at $1850, you are probably losing sleep and I understand that.

But let's look at it this way. I've liked gold since 2001, but has anything improved over those years? No. The US is mired in recession, the housing problem is not getting better, Europe is disintegrating, unemployment is only getting worse, etc. Until all that gets cleaned up, until people have jobs, until there's no more bank runs on UniCredit of Italy, I personally will trust in the gold versus stocks.

You can buy in smaller quanities here: Tap Here

I'll put my trust in shiny metals like gold. For eons, gold has been the backbone of real money when the crap hits the fan. This time is not any different, except for the fact that now they have criminal exchanges that allow criminal activity.

There's now a dozen lawsuits that show step by step manipulations and yet the COMEX and the CME and the regulators look the other way. If they're that determined to keep it down.. I want some gold now...!!!

How do you feel about the situation?

Why did gold get whacked recently?

There are many reasons why gold got hit hard recently, but I think the main reason was a coordinated attack by the central bank on the metals.

Last Friday, they raised the margin requirements on gold, copper and silver. I believe the exchange came out and hiked margins requirements on gold by 21%, on silver by 16% and on copper by 18%.

Do you think the big guys at JPM knew of this? I'd have to bet they did and since they had such a gigantic short position in the metal, they used that foreknowledge to nod to the syndicate that they'd work their high frequency trading platforms and drop silver/gold like a rock.

It looks like that worked and they made a lot of money! Sounds criminal to me, but I'm just a little guy, how would I know?

What's your opinion about what happened to gold? Do you think the smaller investor will use this opportunity to buy gold in smaller quanities now?

Gold Prices since 1970

According to KB Vision, where you can purchase smaller amounts of gold, these are gold prices since the year 1970:


1970 - $38.90
1975 - $139.29
1985 - $327.00
1990 - $386.20
2000 - $279.11
2005 - $444.74
2009 - $972.35
Today - + $1,656.00