"If money were to run for shelter out of fear it could be disastrous , even though gold prices would soar, the rest of the world would suffer greatly , i think the best thing is for gold to climb up slowly and relatively steadily and i think that's what's happening now because central banks are juggling as best they can with an explosive situation . So the perception remains cautious but not panicky putting a relatively mild upward pressure on gold prices in short and mid-term .

And for those who hope armageddon will happen soon i have no sympathy such a situation could cause hunger and death in many parts of the world."

Que tal raza.

I think you are mixing up cause and effect.

We are close to armageddon due to excessive greed by a bunch of neo-fascist manipulators/called bankers who did not want to let gold play its normal free market role and on top of that created trillions of uncontrolled OTC derivatives, which made billionaires of a few people in a year at one side and took away life savings of hundred of millions of honest people on the other side.

No one wants or wanted the financial disaster we are in today. If the Senators/Comgressmen would have listened to GATA in 1999, we would all be fine now.

Up to today 90 mln people worldwide have already gone BACK into poverty thanks to this bunch of market manipulators. They should throw anyone close to the financial sector perpetrators in jail and then free the few specimens that are innocent. They have more than blood on their hands. Their greed has broken down many lifes and taken away dignity of millions of decent people.