GOLD in Gold, FX, Stocks / Diaries & Blogs Posted June 2, 2010 · Report reply I know this question was aimed at GOldfinger but I'd like to comment too. Like you, I have spent some time researching the situation in the late 1970s and do not believe that the current state of affairs is comparable. You wrote: I am not sure that the numbers of people who make that leap of faith will ever grow beyond a small minority I agree, and that is the pity of it. In the not too distant future, when the burden of debt creates currency crises, and savers see their hard-earned wealth evaporate, the bulk of the gold will be owned by the criminal banks that currently run the fractional reserve ponzi scheme. They are gradually buying gold from weak hands - who are happy to have made a paper profit. Questions I ask myself include: Who is accumulating gold now? What kind of payment will be accepted world-wide for valuable energy, food and resources? Why does Russia take gold in payment for minerals sent south to China? Look around the world from China to India - from the middle East to America and you will see the global perspective. The average Joe does not know anything about what is occurring globally - and that is why he is happy to sell-off his gold jewelery for a pittance.