Monday, August 5, 2013

Gold Bullion coins - Mintages and Pricing

So it looks like China is trying to get back to a gold based currency, and America will drop the price so low, the Chinese will be able to buy every last bit . There's no bubble in gold. Not even close. Actually the price of gold hasn't even risen....yet. The only thing that's risen is the mining cost. Gold is becoming exceedingly difficult to find. The industry average to mine an ounce of gold has risen from a couple of hundred dollars to over a thousand in the last 10 years. The real bubble is in bonds and the US dollar itself. Once those burst that's when you'll see gold begin a real rise.