Free Republic

Dominic Frisby, MoneyWeek August 7, 2015 How much gold does China have? The question won’t go away, because the answer is vital. The answer could define, in no uncertain terms, how important or irrelevant gold is in the modern world. Is gold obsolete, or does it still have a significant role to play?Today we consider that question, and look once again at China’s gold... Gold – useless shiny pet rock or the very essence of money? Some people argue that gold is just an inert, useless metal, good for little more than jewellery. Its role in finance is as obsolete...

Wow, look what I noticed today? The European fiscal crisis must have triggered this.. Gold: $1,478/oz Silver: $25.95/oz. Platinum: $1,491.00/oz.

  On Monday morning Bloomberg issued a report on gold as part of its “The Dark Side of Gold” series. It's important to note this isn’t the first time the news organization has attempted a hit-piece on gold. I wrote about this a year ago and identified the cases and examples of Bloomberg’s gold bashing. The crux of the series is how gold ETFs are responsible for gold’s rise and are contributing to a bubble. It's insinuated that because the ETFs are easily tradeable, a torrent of sell orders could cause gold to fall sharply, a la 1980. Gold’s rise...