I don't know.. the increase in supply is nothing new, yes it's much larger however with the economy in bad shape I don't see inflation coming anytime soon. All the new money supply injected is actrually replacing lost money that for all intensive purposes dissapeared. I think gold may be entering a short term bear market here with significant downside potential. 10 years ago gold was in the 200s. I don't think a 100/200 pt drop is out of the question from here. There are many other assets underpriced which gold is competing with as a value play also, assets which are not currency.
Roxmark Mines Limite (TSX:RMK)fiat(CAD)$0.205 UP $0.02 (+10.81% :-) Bid 0.20 Ask 0.205 Volume 658,000 Strong RMK Investors Demands :-) Day's Range 0.19 - 0.205 Last Trade 3:57:00 PM EDT Click for Detailed Quote Page
NOTE EX..What appears to have happened in China is a total relaxation of strictures on holding precious metals by the individual with the government pushing gold and silver as an investment option, seemingly at every opportunity.
This is a far cry from the situation only a few years ago where the distribution of gold and silver was strictly controlled.
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