Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Real Man who wrote (87635)	7/3/2002 5:29:15 PM
From: goldsheet	Read Replies (1) of 116764

> So gold in rupees rose even faster than in dollars Correct, a point often overlooked when it is claimed a weak dollar is inherently good for gold. If you bought your gold in rand, rupees, or other currencies you currently have even greater profits than $US investors, which can result in selling gold ! Indian and Chinese gold consumers are probably the most price sensitive gold consumers in the world. We should probably do a study on the "price elasticity of gold demand" for various countries. Earlier this year there was much made of Japanese buying, which was up 300% (or more) from very low levels, but when the largest gold consumer in the world starts selling it can easily offset all the Japanese buying.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next