Quote from: Hawker on April 12, 2013, 08:05:26 PM

Quote from: knybe on April 12, 2013, 06:17:20 PM

Gold prices dive to $1,500 an ounce

http://www.usatoday.com/story/money/markets/2013/04/12/gold-prices-plummet-below-1500-ounce/2077545/

http://www.nytimes.com/2013/04/12/opinion/krugman-lust-for-gold.html?hp

Summary; there are a lot of people who bought gold thinking the dollar would crash due to money printing. That is no longer seen as a credible risk so they are moving out of gold. The price will fall for the next few years as a result.

~~Do you have any references that says the fed has reduced the amout of paper it's printing?~~ (opps, didn't see you were just summarizing a MSM article) Last I heard there was a currency war going on.

Most wise investors are obviously in the stockmarket which happens to be going crazy right now due to all the money printing. When the music stops, everyone is going to go rushing into gold, silver and that's when bitcoin is really going to explode.

We're increasing the money supply at 8-12% a year, yet inflation is only claimed to be 2% due to a seriously messed up CPI.

People talk about a bitcoin bubble! wait and see what happens when the easy money days end. When the fed ends their bad mortgage program, and raises interest rates it's going to be akin to taking a needle to a ballon, in an already fragile economy. Look at fed interest rates in relation to the 2008 crash... Same thing happened