How did gold go down today?

Gold sucks! Like I said, only a small % of gold demand is from gold hoarders (i.e. people who buy in response to crappy monetary policy). The largest part of gold demand is made up of users (jewelery, industrial, etc.). If the economy is soft and the the gold hoarders have already hoarded all they can hoard then the price will go down, unless, the gold hoarders can make new converts. They try very hard and Bernanke does his part to help them but there’s only so much they can spew.

now cash is king, later food is king

virgincfahooker, is that really true? Alot of big buyers with alot of cash are gold hoarders. To be honest I hope gold goes down all the way.