tough call on Gold.................. Every man and his dog, or,...

tough call on Gold..................

Every man and his dog, or, sorry, every women with her dog, want it to go up and I believe it will. Forget the old fashioned drivers, geo-political, inflation and all that, as to me it is the GROWTH and AFFLUENCE of a rising Asia that, one way or another, is driving gold higher. From what I read, chances are, there will simply be not enough of the precious metal to go around. A total of 6.39 billion people – or 86 percent of the world's population – live in emerging markets and developing economies, while only about 1.07 billion live in so-called advanced economies. Wow, 6 BILLION people who would add to the demand for gold.

But, for me, the big question is, when will the real boom hit?  Now, not so likely, or in 5-15 years time, when all those folk get wealthy.

After all, the average wage in China is only around US $12,000 PA, while India it is a mere US $400 PA.

Interesting times ahead. Hang around.


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