Dan Norcini makes a great point today in his article:
CCI Index Makes Another All Time High Making IMF Gold Suppression Attempts Even More Pointless
JSMineset.com (25 Feb 2008)
He says, essentially, that it is tough to hold a ceiling on gold when soybeans, wheat and corn are busting through all and every ceiling.
While it may be possible to persuade millions of investors to invest in precious metals vehicles that do not require physical delivery of the real thing, it is hard to feed a family on “fiat food.”
The price of food is going much, much higher.