Showing posts with label record prices. Show all posts
Showing posts with label record prices. Show all posts

Thursday, March 19, 2015

Gold Demand in Asia Seen Doubling as ANZ Sees Record Prices

My personal opinion is that the price of gold will more than double when the USDollar loses its reserve currency status.  And that it will happen before 2025.

http://www.bloomberg.com/news/articles/2015-03-18/gold-demand-in-asia-seen-doubling-as-anz-predicts-record-prices

Friday, September 14, 2012

India gold demand jumps as jewellers buy at record price

China will likely surpass India as the world's largest buyer of gold this year for the first time in recent history, but Indians continue to purchase gold as a hedge against currency debasement.  The festivals for which gold is purchased for is incidental.  For centuries, Indians have innately understood gold's store of value against the insidiousness of a government's printing press.

http://in.reuters.com/article/2012/09/14/markets-india-precious-idINL3E8KE2QY20120914

Monday, August 29, 2011

Record prices spawn new wave of China gold bugs

I'm a little concerned about the proliferation of gold derivatives trading, as they are merely paper contracts, but I am enthused by the exploding demand for physical bullion.  The battle between perma-short bullion banks against the physical buyers will end badly for the former.  You can print paper into perpetuity, but you can't print an ounce of real gold.


http://www.reuters.com/article/2011/08/29/us-china-gold-demand-idUSTRE77S15X20110829