PRICE CHART SHOWING THE RUN UP IN GOLD PRICE

2003-2005: Gold price ranged from $320 to $458

2006-2008: Gold price ranged from $550 to $1033

2010-2011: Gold price ranged from $1000 to nearly $2000

TODAY: GOLD $1420

QUESTION:

Where is gold price headed ?

Rev

RE: GOLD MINES IN GUYANA

There are few large scale gold mining operations in Guyana that are scheduled to come on line by 2015----should those investors be panicking like gold investors this morning ?

Or will gold prices turn back up when the panic dies down ?

Rev

LOOK AT THAT CHART ABOVE

Why did gold run up from 600 in 2006 to nearly 2000 in 2011 ?

* The world central banks have been printing money like crazy---creating money out of thin air.

* For every trillion central banks around the world print---gold has appreciated $210 dollars an ounce.

QUESTION:

So why has gold dropped from nearly $2000 an ounce in Sept 2011 to nearly $1400 today ? Central banks are still printing, aren't they ?

Rev

people putting their money in stocks it seems

Sting:

I made a mistake posting this topic in social---it should have been in political---too late.

Anyway, like I mentioned in the previous post---there has been a correlation between gold price and central bank printing of money.

BUT I DON"T KNOW HOW TO EXPLAIN THE DROP FROM 2000 to 1400 ?

And I am curious to know how low gold prices can drop ?

I see guys like billionaire George Soros selling gold----you can't argue with Soros---the man is worth 20 billion----his intuition is rock solid.

By the way, Warren Buffet never liked gold as an investment.

Rev

The stock market is rigged---it is controlled by the Fed.

When the Fed prints money---and the central banks around the world have printed trillions---that money does not flow evenly into the economic system.

IT STAYS ESSENTIALLY IN THE FINANCIAL SERVICES INDUSTRY.

Now you know why Wall street is making billions---and tens of millions of workers are struggling.

PRINTING OF MONEY CREATES BUBBLES AND BUBBLES AND BUBBLES.

Bubbles in real estate, bubbles in commodities, bubbles in the stock market, bubbles in the bond market.

BUBBLES ALWAYS BURST--ALWAYS.

Rev

HEH HEH HEH HEH. WEH YUH UNDA GROUND GOLD MIND DEM DEH BOI??

You're in great spirits, huh ?

ANY NEWS THAT IS NEGATIVE FOR GUYANA IS HEART WARMING FOR THE AFC AND PNC.

Oh well, the investors and risk takers who are currently building out the large scale gold mines in Guyana---they are not deterred----they are moving full speed ahead.

RE: OMAI MINES

They were in operation for 13 years---1993-2006----they mined 3.7 million ounces of gold.

Once gold stays above $1000----Guyanese gold investors will be happy.

Rev

HEH HEH HEH HEH...NO BOI NOT IN GRET SPIRIT. MEH A JUSS REMEMBAH HOW YUH SEH GOLE GOH MEK ABIE IN GUYANA BE HAPPY HAPPY. TWO A MEH FAMILY DONE GET MALARIA RASS. SUH MEH CANT BE IN GREAT SPIRIT. 

Sorry to hear about your family---hope they are OK now---tell them the Rev admires their adventurous spirit---mining for gold---hope they don't quit.

CHECK THIS:

Omai produced 3.7 million ounces over a 13 year period---there are a few gold mines that will come on stream in Guyana over the next 3 years that will produce way more gold than Omai.

EVEN IF GOLD DROPS TO $1000 AN OUNCE THOSE MINES WILL BE PROFITABLE.

RE: GUYANA

The country has fertile agriculture land on the coast and tons of minerals in the interior----that's a blessed country PRK.

And don't forget:

GIVE PRAISE TO THE PPP.

Rev

ALUH LIKE FANTASY. DEM BRITISH WOULD A DONE FIND AM. GUYANA A HARD PLACE RASS FOH WUK. 

GOLD $1353 down $148

Largest 2 day drop in 30 years.

Rev