Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (11449)	11/13/2009 12:59:29 PM
From: TrueScouse	Read Replies (2) of 48092

Wade: <<If one think a slightly longer term about worldwide population growth at more than 1% exponentially one would never make that kind of statement.>> I presume you're referring to Saville's statement that changes in mine supply are irrelevant. In which case I respectfully disagree with you. His argument is that gold is a currency -- not a commodity -- and therefore not subject to the normal supply-demand rules of commodities. I agree with him. It is investment supply-demand that mainly moves the price of gold. And recent increased buying by the India/China CBs is just that... investing in an alternative currency to the US$ and other fiat currencies. At some point there will be massive investment demand from the general public, just as there was in 1979 -- and IMO that will be when the bubble occurs and also the time to get out. Best regards, Howy

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