Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high

Yup - Asian demand is very strong... Q4 demand in India was up 41% Q/o/Q FFS!!!!

In an hyperinflationary transition everyone will try to find a medium of exchange before the guy next to him, as the price and scarcity of that element/medium increases; to store their generational wealth in. Something that is non-corruptible, can't be printed, is timeless, doesn't rot, rust, decay, spoil, degrade, hard to contaminate, is portable, is accepted all over the world through all language barriers.

There are only 2 elements that meet this criteria.

We all know why...............................paper !

We have a winner - ding...ding...ding!

Stock options expiry tomorrow, be ready for a pounding going into tomorrow!

Looks like the turned up a day early to hammer the metals!

I think if the entire world jumps into the gold and silver markets as a result of a global financial crash there will simply be too much wealth chasing too few ounces.

Once gold becomes out of reach, silver will spike too, probably becoming out of reach also, once silver becomes out of reach, everybody will pile into other metals, Platinum, Palladium, Copper, Rhodium, Iridium, Osmium, Gallium.

People would rather have something than nothing, lots of people may horde, jewellry, fuel, food, batteries, alcohol, tobacco etc.

IMO the main ones will be Gold, Platinum, Silver, Palladium.

Copper will do well too, but nothing as extreme as the main four, it may get to the levels for an ounce of pure copper that say silver is at now.

I can see the main four becoming stores and the lesser metals becoming coins, it wont matter about face value, it will be weight.

If you have 1kg of copper right now its probably pushing 10 dollars, thats not much, but it will keep that purchasing power and probably even increase beyond that.

Wouldnt shock me if 200g of copper gets you some eggs or a loaf, but 200g of gold buys you a small hotel.

Historically speaking thats 100% correct.

But you cant have 7 billion people chasing the gold and silver, this time platinum and palladium will be used in the same way, perhaps even other rare metals.

Eventually 99.999% of people, especially in a hyperinflatory collapse wont be able to afford more than a few grams of anything it because the ones left are the ones who own/hold it.

Once gold and silver sky rocket people will turn to other stuff, food, alcohol, and its highly possible coins will be worth much more than higher denomination notes because they have a value in their metal weight.

A bag of 100 copper coins should keep its value relative to its metal weight, but a note that is worth the paper value of those coins, nobody will want it.

It may of course not work out this way because you would assume most manufacturing would stop outright... killing the prices of industrial metals, but i dont think anybody can predict what will happen with the non precious metals that are still worth something for relatively little weight.

How about it. If the DOW keeps going it'll be all the way up where it was 6-7 years ago.

Out of all the metals Gold is the hardest to fake.
Who has a silver tester, a palladium tester, a Platinum tester ? How many people could hold an ounce of gold and be pretty sure it's and ounce of Gold including the bend and bite test? How many people could take an ounce of Silver, platinum or palladium and be pretty sure it is one of those metals ? ? a few maybe but not likely.

See !

the only thing close to Golds density is tungsten and it is almost impossible to work with.

Rememeber:

Something that is non-corruptible, can't be printed, is timeless, doesn't rot, rust, decay, spoil, degrade, hard to contaminate, is portable, something that is familiar, is accepted all over the world through all language barriers.

There is only (1) one elements that meet this criteria.

Silver is iffy because of the industrial applications vs Gold. If manufacturing collapses at the same time there will be all kinds of it available ? "mmmmmmmmmmm" ?

Yup!!

Govt promises?
Read up on gold and silver certificates which were specifically designed to give credibility to paper money.
Read up how gummint printed more that could account for all known mined pm's and read how they reneged on payment in pms as promised, and then raised the officialprice for gold that they confiscated from the public to profit the Fed, and not the treasury

Weird to think that in this paradigm shift and age of technology it'll be the commodity that has been s currency for thousands of years that we will go back to.

It remains valuable because chicks will fuk for shiny baubles even from old ugly men.
That's where its value came from, chicks dig it

Makes perfect sense in a world that parked sanity firmly at the door 40 years ago!

Hahahahaha!!! He said, "Guaranteed"...by the government! ROFL!!!

...and then I realized you were being sarcastic. :(

Sorry.