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gold becomes more scarce according to drudge..what a farse

Submitted by monticello on Thu, 11/12/2009 - 01:56
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http://www.telegraph.co.uk/finance/newsbysector/industry/min...

How hillarious is the establishment in trying to explain the bump in gold prices due to increased scarcity. Does anyone else see the smokescreen these guy's are throwing out to cover their aces and their untold trillions in FRN's created thus inflating the dollar to gold? That's my take...any other thoughts?

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Gold is becoming scarce, in

Submitted by john2k on Thu, 11/12/2009 - 03:05.

Gold is becoming scarce, in relation to the dollars that are used to buy it. Money supply increase...

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ah last i checked the measure of scarcity was...

Submitted by phathead on Thu, 11/12/2009 - 02:38.

Price! So if the price is going up...that usually means the item is getting more scarce.

But...its relative. Since the price of the dollar is going down because it is becoming less scarce.

Everyone seems to be selling it, so it can't be too scarce.

Submitted by SteveMT on Thu, 11/12/2009 - 02:36.

It is just that the damn price is so high, due to the dollar being debased down to nothing. What is true is no one seems to be re-selling it after the initial sale. I wonder why?

The people doing this stealing all need some time of reflection in prison.