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07:36 PM
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Why are gold prices down?
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[quote:Anonymous Coward 75472186:MV81MjM4OTg3Xzk2NDkwNDE5XzY4MzQ5NEY=] THEY SUPPRESS THE PRICE BUT, ALSO.... THEY DO ADD MORE TO THE MARKET EACH YEAR. MORE TONS AND TONS OF GOLD ARE REFINED. UH.. [/quote]
Original Message
It seems to me that with inflation going through the roof, and with the markets down, and with interest rates up, gold should be higher than were it is. As of this writing, gold is at $1673/ounce. What has caused the price of gold to fall recently. I think that it should be up around $2000/ounce.
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link to goldprice.org (secure)
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