Are gold prices being suppressed, so that China can buy up all the gold

After the coming financial crash of the west, Gold will rebound. Thus supporting the Chinese Yuan, the new world currency. Forecasts for Gold and Silver are down, buy now I hope you can hold on to it, because one day it will be worth triple what it is now or soon to be.

Yes. NEXT!

Thread: Moody’s Lowers Downside Targets to $900 on Gold and $15 on Silver

Last Edited by talkstory on 01/10/2014 06:33 AM

Agreed!

If it drops to these price, its a give away. Most gold mines can't produce at under about 1200 per oz

from a banned site

All-in costs are expected to ease back to around $1,200 an ounce in 2013 from $1,228 last year, after total cash costs fell to $769 an ounce in the second quarter from $796 in the first three months of the year.

That is still perilously close to the spot gold price of $1,270, and there is only so far miners can cut back to keep tough operations afloat. But, analysts say, the long delays and time scales in mining mean it will take time for the drop in prices to translate into lower mine output.


[link to www.fool.com]
As the gold price continues to decline, gold miners are struggling to remain profitable. Indeed, as I write the price of gold is nearing three-year lows of $1,200 per ounce. During the second quarter of this year, about 25% of 67 gold-producing companies, representing roughly 44% of worldwide gold output, were losing money on a cash-flow basis.

It is going to $960, its in the script. This explains it
[link to thecactusland.com]

Thanks to pickpocket for posting the link in another thread.

GOLD PRICES below $1200 per ounce are likely worse than break-even for the world's gold mining sector, according to sector fund managers and analysts.

Speaking to the Financial Times this week, Evy Hambro – the head of asset-management giant BlackRock's natural resources equity team – said that "The pricing that we're seeing in today's market is very close to the all-in, break-even price that's needed to keep the gold companies at a cashflow neutral level.

"Whether that number's $1150 or $1250, it's pretty much close to where the price is trading right now."

[link to goldnews.bullionvault.com]

Germany needs their gold back too....

Good point maybe they can get gold down to 300 per oz, that would make it cheap for them to pay back then.