I'm sure most of you have already listened to Eric King's interview of Sprott. Sprott makes it all seem so sure, but I'm not that sure. For example, he talks about China's exhobitant appetite for gold (one month, they bought half the world's supply), and says just think if half the world's monthly supply of oil or wheat were bought by China - the price would soar.

So true, but with oil and wheat, those items get consumed every day, and you need to replenish them. With gold, once you have what you perceive to be your fill (or you run low on funds), you cut back, all the way to zero, if you want, and you can even turn around and sell some if you need to. There is no mandate to continue buying.

Also, if the world heads into a world-wide depression, won't that take many of the individual buyers right out of the picture, as their incomes will be reduced - also, will, for example, Indians with an even weaker rupee be able actually bid the price of gold up? It seems that the scenario where gold really soars is where money is printed and inflation heats up, but people have jobs and are spending their way into an even larger oblivion. But in a recession or worse, like so many King World guys are predicting, I don't know.