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AMZN 230.27-0.6%Dec 11 3:59 PM EST
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To: craig crawford who wrote (131816)9/23/2001 10:04:42 PM
From: GST  Read Replies (2) of 164684
 
My point is, there is no mystery about the demand for gold, but the supply is complex and highly variable -- including by means which would suggest that a sharp shift could occur in supply. If demand is fairly inelastic, then prices can go way up or down no matter what the growth rate of demand, positive or negative. Gold is a "positional" good that tends to have long and durable trends in price movement. A shift in the trend would hit this commodity like an earthquake. And, once moving up, the price would tend to experience an upward spiral of postive reinforcement -- the only question is when this might happen, and on that people have been confounded for years. Clearly the risk is there now. Aloha
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