SILVER and gold should be Up, what hapen???????Does anyone know how much of the $700 billion bailout money is being used to control the price of gold %26amp; silvr?
None of it. The price of gold and silver is largely driven by the price of crude oil. In case you hadn't noticed, the price of crude oil has dropped substantially over the past few months, and the metals have followed (not just gold and silver, but base metals like copper have also dropped).
Your premise that bank bailout money is somehow being used to hold metal prices down is completely wrong.Does anyone know how much of the $700 billion bailout money is being used to control the price of gold %26amp; silvr?
They probably haven't spent it yet. Anyhow, they probably also printed the money, which means the dollars already in the economy are going to deflate in value which means the dollar goes down and the price of gold goes up. Wait for them to actually give the financial markets the money. I don't think its been released yet.
none - the bailout has nothing to do with precious metals
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