what is the real price of gold/silver? if you take away the elaborate schemes designed to suppress these prices to prop up a failing fiat system which is a debt system- any addition to the money supply is debt. gold has increased 200% in five years despite the shackles holding it back. the latest trick is to increase the margin requirements to buy a contract. All this will do is remove speculators and turn the market into a physical delivery market- which is what it should be anyway. some commentators refer to a gold bubble which will burst when growth resumes.
the truth is fiat currency is in a bubble- and the only political will is to create stimulus to boost growth- ie print more money(debt). the currency debases and gold must rise. the major banks that suppress the price will eventually get burned and the old taxpayer will pay to bail out the banks. the time must come for a new commodity based monetary standard- but who could you trust to ensure that legitimate reserves are held against the issued currency. whoever holds the commodities(or a basket of countries) must be totally transparent. any member country should have the right to independantly inspect the commodities and audits done regularly by a panel of member representatives.
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