Free Republic is FREE to those who don't pay for it... but yet THEY get worth out of it, yes???Huh? $440 an oz. That's not mythical it's pretty real.
Free Republic is FREE to those who don't pay for it... but yet THEY get worth out of it, yes??? The intrinsic cost of producing an ounce of gold is ~$175 and falling rapidly (new production is around $125 per oz). One could argue that the spot price, which tends to reflect cartel pricing unless the central banks are dumping stock, does not reflect its true and reasonable value.