The scheme between the the Fed and the bankers is no more than a license to steal. The Fed has made people poor, so said Ferdinad Lips a few years back.

Your engineer friend needs to find a book on monetary history and maybe then, after reading it he'll have a little respect for gold.

The game of keeping gold low between the the Fed, the Treasury and Wall Street and the blood sucking bankers is near collapse. They are not going to fix it this time.

 KXL will be a life saver as the financial world continues melt down with no potent help in sight. Don't listen to all that jawboning coming out of Washington. These guys have no idea how to fix the problem. They are no more than actors trying to impose confidence into warm bodies while the system's financial health has a serious case of expanding epilepsy.