While I wouldn't disagree with your article author if he said 'Gold is money' (understanding that he means in the historic sense,) I *do* disagree with his assertion that 'Gold is currency.'
Currency buys things... and there's practically no one using it for that purpose. Yes, there are GOLDGRAMS http://www.mygoldgram.com/store/pages.php?pageid=4 , but they're just making their debut. Really, if gold is currency, its utility as such is in its infancy, and its future as such is still in great doubt.
I'd think more of Murenbeeld if he explained WHY the bullion market has "another five years, and possibly 10 or more." He leaves himself a *LOT* of room for error there, wouldn't you say. Why, then, shouldn't I conclude that he probably doesn't know what he's talking about?
I'd like to hear your ideas on what it is that's driving gold. You created this forum, after all, so I assume you've given the matter some thought. Understand what's driving gold ... and we may have a basis for speculating on the bull market's duration and probable peak.
Comments?
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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