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The small guy no longer has any say in the market. The price is being moved by the big hedge funds and international banks trying to cover their loses. Gold is not the inflation hedge it once was..today its merely a risk management tool by wall street.

BTW I've been a gold and silver bug since the 70’s

The small guy no longer has any say in the market. The price is being moved by the big hedge funds and international banks trying to cover their loses

I agree 100% and have been saying as much for the past year or so.

Gold is not the inflation hedge it once was..today its merely a risk management tool by wall street.

again, I agree; however, I think it's more than just that. You and I can trade gold for federal reserve notes and back to gold without the government being any the wiser. We can, therefore, make a profit that they can't get a piece of... same thing with guns and ammo and there's something to be said for that. Aside from that, it's just comwec currency to me. I own enough that I would be sitting OK for a disaster of that kind but not so much that I have to worry about the price collapsing. I like it and I'm not interested in trading it for paper dollars right now, not even $1,200 of them for an ounce. There's just something about sovereigns and krugerands that makes someone want to keep them imo.

BTW I've been a gold and silver bug since the 70’s

yeah? I was playing with bugs back in the 70s. :)

The small guy no longer has any say in the market. The price is being moved by the big hedge funds and international banks trying to cover their loses

I agree 100% and have been saying as much for the past year or so.

Gold is not the inflation hedge it once was..today its merely a risk management tool by wall street.

again, I agree; however, I think it's more than just that. You and I can trade gold for federal reserve notes and back to gold without the government being any the wiser. We can, therefore, make a profit that they can't get a piece of... same thing with guns and ammo and there's something to be said for that. Aside from that, it's just comwec currency to me. I own enough that I would be sitting OK for a disaster of that kind but not so much that I have to worry about the price collapsing. I like it and I'm not interested in trading it for paper dollars right now, not even $1,200 of them for an ounce. There's just something about sovereigns and krugerands that makes someone want to keep them imo.

BTW I've been a gold and silver bug since the 70’s

yeah? I was playing with bugs back in the 70s. :)