Atomic Bob's Stock Forum - The Golden Thread

All I've garnered so far is that starting in 1997, he was noting that the gold market had been cornered by certain oil producing nations, and that (if I understood it correctly), a rising gold price means that oil's price is falling (since the aforementioned oil producing nations are accepting gold for their oil.)

There seems to be an implication that the oil producing nations will not sell their oil if the price of gold rises too high. After all, that would mean that their oil is selling very cheaply, in gold terms. And yet, this last decade the gold price HAS risen without the oil producers refusing to sell their product. Does that show that ANOTHER is wrong?

I don't pretend to really understand what ANOTHER wrote, or agree with it. I haven't even read much of it yet. Wouldn't we know it by now if a significant amount of the world's gold had migrated to OPEC?

What's your take?

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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