Hi

I've started investing in gold in the last two months, and fortunately my investment seems to be going OK (until it plummets, just when I reach my smuggest!). I've read lots of conspiracy theories aka GATA and lots of posts on the HPC forums.

I'm always looking for info and found this oldish article (article), which I found interesting in the current light of the resurgence of gold. People seem to think that the evil central banks have now lost control due to the "Washington Agreement", which has limited their ability to control the price of gold. This article seems to suggest that central banks have engineered the re-adoption of gold as a currency, but at a very slow pace to ensure that the various central banks/hedge funds etc could re-adjust over a couple of years without major collapses in currencies/funds to allow gold to return to it’s actual value. So what we’re seeing now, is actually what they anticipated…

Any thoughts? (or am I just a nutter?)

Regards,
crude

Na......you probably not a nutter.

I personally feel that many people are simply buying Gold as a hedge against inflation, (with rising oil prices etc).

The increased demand for Gold may simply have pushed the price up.

I also have been 'doing my bit' & I have purchased a few thousand Quids worth of Gold bullion (and also a bit of Silver too......but that is a different story).

Truth is......nobody really knows where Gold is going, but luckily for us prices are rising.

Cheers.

I used to work for one of the big banks, which is meant to be near the heart of the so-called conspiricy, and I was close to the action.

GATA's conspiricy theory is pure fantasy from what i saw