GOLD PRICES - Look at what the election is doing to gold

[georgem]

Okay. I completely agree with you if you are of the belief that Ron Paul won't be able to change the dollar's course.

My original post was mainly in jest, saying that supporting RP is actually against the rise of gold (in dollars value). But this hinges on the belief that he would "save" the dollar from its collapse.

I see what your saying but that would imply that RP could not change the monetary system any further than to reduce the pressure of the Fed to print money (decreasing the pressure through spending decreases) and therefore reduce inflation, thus lessening the demand for gold, thus lowering its price.

however, if we were to go on to a gold standard, or for that matter attempt to put all major currencies on a quasi-gold standard as shown here:

http://www.moneyweek.com/file/13562/how-high-would-gold-rise-under-a-new-gold-standard.html

and here:http://www.moneyweek.com/file/12641/how-the-dollars-collapse-will-lead-to-a-new-gold-standard.html

....then the price of gold would rise scrictly due to the rapid rise of demand for the metal vs the nature of it having a finite or fixed supply.

 

[Dieseler]

I don't think theres enough gold to go around.
We may have to share crop for the bankers.