http://www.gold-eagle.com/editorials_12/vronsky052513.html
Don Luskin, a monetary expert explains how China's FOREX reserves are connected to the rise in the price of gold. He argues that the outstanding stock of gold is relatively fixed—growing only about 3% per year—but that the demand for gold has jumped by orders of magnitude since China, India, and other emerging markets have enjoyed explosive growth and prosperity gains. In other words, the number of potential buyers of gold has risen much faster than the supply of gold, so naturally gold's price has increased. This is not a story about massive money printing and hyper-inflationary consequences, it is a story about a surge in the demand for the limited supply of gold…WHICH SHOULD CONTINUE UNABATED FOR THE NEXT 5 YEARS.
Whom To Believe On Gold: Central Banks Or Bloomberg?
Bloomberg reported recently that Russia is now the world's biggest gold buyer, its central bank having added 570 tonnes (18.3 million troy ounces) over the past decade. At $1,650/ounce, that's $30.1 billion worth of gold.
Russia’s Central Bank Is Gorging On Gold:
Russia: The Sleeping Giant Of Gold Producing Countries
(How the bear is preparing for a global currency war) :[/QUOTE
India............than China..........and than Russia.................list is growing........Are they fools?
If it is a question of bottom, than the answer is 2008 and 2013 both have contracted by 45% and if its question of production cost than it is between 595---1250, and can you think of cost increased because of dealers? add 2+2 and come to number five, which could not be more than 150 more than last bottom of 1322................be wise and start collecting FRN, the bottom may be in or will be in soon.
Though great rumor circulating is that Dec will be time of bottom after a hitch up............DYOD
Bloomberg reported recently that Russia is now the world's biggest gold buyer, its central bank having added 570 tonnes (18.3 million troy ounces) over the past decade. At $1,650/ounce, that's $30.1 billion worth of gold.
Russia’s Central Bank Is Gorging On Gold:
Russia: The Sleeping Giant Of Gold Producing Countries
(How the bear is preparing for a global currency war) :[/QUOTE
India............than China..........and than Russia.................list is growing........Are they fools?
If it is a question of bottom, than the answer is 2008 and 2013 both have contracted by 45% and if its question of production cost than it is between 595---1250, and can you think of cost increased because of dealers? add 2+2 and come to number five, which could not be more than 150 more than last bottom of 1322................be wise and start collecting FRN, the bottom may be in or will be in soon.
Though great rumor circulating is that Dec will be time of bottom after a hitch up............DYOD