[Jewelry making - Article 01106] - [Orchid] Price of gold

[William Denayer]

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>     Since supply and demand do not have anything to do with the current
>     rise in gold price http://www.kitco.com it will definitely will be
>     go down after the war with Iraq. When and how much is pure
>     speculations. 

    I do not see any fundamental connection between a war with Iraq (or,
    rather, aggression against this country - which is my point of view,
    shared by many in the USA and by many more in Europe and also, and
    still, I believe, by the Security Council of the United Nations), and
    the evolution of the price of gold per se. There is no doubt that the
    anticipation of an attack on Iraq is functional in rising the price
    of gold nowadays, but this only strenghtens an already existing
    trend, making some of us even filthy richer at a quicker pace. But
    that is all. The price of gold will probably go down after the
    aggression has become a fact, but it will not alter the rising
    trend, for which other mechanisms are responsible, mechanisms that
    already existed before 0911. Basically, many consumers won't buy
    because they feel insecure, while some entrepeneurs won't invest
    because real and cold money (machinery, employees) is not as hot and
    lucrative as fictious money and commodities such as gold. This is as
    much as you acknowledge in your first sentence: if prices "do not
    have anything to do" with supply and demand, with what do they have
    to do? Best regards to all, Will (william.denayer AT pandora.be) 


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