Th figure to watch (I hope it comes through) . Gold purchases in Shagnhai (physical delivery), World Mining Production ( and believe me this graph will start to trend down, just a matter of how rapidly) and COMEX physical delivery.
Its a joke to see how the economists rat on about the barbaric metals, which has no intrinsic value, no income producing ability and so forth and so on. Gold is the same as any other metal its all about supply and demand. If the investment community sees demand exceeding supply what will they do.,
The other small aspect is that gold has and will be around a lot longer than any of the fiat currencies and and gold best fits the classical description of what a currency is about, The fiat IOU'sh are only a recent experiment, and which are now part of the biggest experiment in financial history of the world...and the keepers of the fiat currency have not got an end game in sight. Had a dabble by tapering the experiment and shock horror. One wonders what is the real intrinsic value of the US Dollar. The US is broke...except they can keep printing money as much as they like....
AMX Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
