Originally posted by Trackwalker
The USA is broke. That's why gold is trading at $1,400 an ounce.
Or it's because the UN is figuring out that lots of the gold mining companies (Freeport in the USA is an excellent example) are funding borderline genocides, etc, in places like Indonesia and you know, trying to stop that.
And then there is the primary reason, supply and demand, cause you know that country named "China" and the other one named "India" that suddenly needed a ballsload of precious metals has nothing to do with driving the prices up.
Ever notice how the price of diamonds seems to stay rather static? They're stored in warehouses and released over time to keep the price up. We have more diamonds than gold.