Man tries to sell $1100 one ounce gold coin for $50; no takers.

;)
So, what you're trying to say is that transmutation = education? I'm not saying it's impossible to transmute metals, it's just impossible to educate metals..

damn its sum stupid azz people walkin around in this world... ok but u white people are so smart and on top of it all n know everything! stupid idiots! bring ya azz ova here n try that shit ill take it off ya hand with the quickness

It's possible to transmute iron to gold given the right conditions. However, if the goal is to produce gold from another metal, most scientists choose lead or mercury as starting materials because those two elements are only a few atomic numbers away from gold so it's easier and more practical to convert them to gold.

So, in fact it's still not possible to educated iron ore into gold....

silverstox, just to prove you wrong, the Financial Times says hedge funds are buying gold. FT (dot) com March 8 2009

You can continue to buy gold if you want, but the price cannot keep going up forever and at some point, people will exit gold and the price will crash. It has happened before and it will happen again. Speculative bubbles can form in gold, stocks, oil, real estate. They have all crashed after the bursting of the bubbles.

what a fking douchebag

If you look up the economic data, US inflation rate is indeed below zero for most of 2009. Inflation is measured by CPI. Price can fall if the demand falters in a slow economy. Deflation is possible. The government can increase money supply, but it needs the banks to lend the money. Many banks are tightening lending standards and sitting on the money.

Lead can be turned into gold. I didn't say anything about the amount or cost.

Most hedge funds are NOT buying gold, if they were the price would be much higher. Individual investors and the index funds are also investing in gold. That's why the US Mint has run out of certain gold coins, as well as the Royal Canadian Mint's gold shortage. Recently, the IMF sold 200 TONS of gold and India's central bank bought it. Gold's price is reflecting the trouncing of the decline of the USD, uncertainty and safe haven buying across the planet, along with declining gold production.

There is no such thing as "zero" inflation with any fiat currency, look that up. And for that ridiculous belief that you can get commercial amounts of gold from lead, furgettabouddit. They are using ISOTOPES and a particle accelerator to make MINUTE amounts of gold. Inflation in any fiat currency will never be zero as the government will continue to issue/print more dollars/euros/pounds, etc. thereby destroying your savings. Don't get me started on inflation and the FED.

also, gold could be a hedge against inflation for only a limited time, because when the fed sees inflation, it's going to raise the interest rate, which will increase the rate of return for CD and t-bills, and slow down inflation.

Gold is going up because hedge funds are buying, often with borrowed money. It's highly risky because they tend to magnify gains and form a speculative bubble. When the bubble bursts, the losses would also be magnified and could wipe out some hedge funds quickly.