A book written by Marc Faber, an expert on global economies.
"Government, since it relies on a consensus of constituent interests, is typically among the last groups to succumb to the emotions of a financial or economic trend. It is telling, therefore, that central banks are now expanding their gold reserves for the first time in a generation." Robert Prechter
MyView
I believe the demand for "financial gold" is out of fear of "fiat money." It is a logical as long as the central banks continue to expand their credits. If we research the actual demand and supply of physical gold, the supply exceed demand. However, the demand and supply of "financial gold" (non physical gold) think and act otherwise.
Will the majority be right about gold prices? Will the central banks right about gold? Are most participants in gold is right? Of course, one argument is that gold is far from bubble, since not everyone in the market talks about gold.
As you see up there, blah, blah, blah, & expansion of gold by central bankers. Will there be right this time. Gary Shilling said that the US Government over its history try to tame the inflation for 12 times, only 1 time succeeded. Hmmm, I wouldn't bet on this.
I believe the demand for "financial gold" is out of fear of "fiat money." It is a logical as long as the central banks continue to expand their credits. If we research the actual demand and supply of physical gold, the supply exceed demand. However, the demand and supply of "financial gold" (non physical gold) think and act otherwise.
Will the majority be right about gold prices? Will the central banks right about gold? Are most participants in gold is right? Of course, one argument is that gold is far from bubble, since not everyone in the market talks about gold.
As you see up there, blah, blah, blah, & expansion of gold by central bankers. Will there be right this time. Gary Shilling said that the US Government over its history try to tame the inflation for 12 times, only 1 time succeeded. Hmmm, I wouldn't bet on this.
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