Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Zincman who wrote (65720)	6/16/2009 6:30:16 AM
From: TheSlowLane	6 Recommendations Read Replies (2) of 78408

I don't see it as a US phenomenon or a decision to invest in gold as being synonymous with a vote of no confidence in the ingenuity of the American people. The gold market is global and demand for gold is worldwide. The inclination of government to debase currency is likewise not exclusive to the US. Everyone has a printing press, these days. The size of all financial assets compared to the amount of wealth represented by gold is enormous. It would only take a small fraction of those assets moving to gold to have a disproportionate impact on price. We are not talking about Joe Six-Pack here. For example, Jeff Christian from CPM Group said recently that he has been speaking to sovereign wealth funds all over the world. He said that they were all interested in owning gold but of the ones that had started to buy, they had only bought 5-10% of what they want to own. tsl

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