The people selling 200 oz at a time may be buying silver, PGMs, or real estate, or something else ... if they were smart enough to accumulate 200 oz or more over time... they are part a very small minority
Why don't you try to discretely find out what the sellers are doing...
Ask your email friends if anyone is selling gold, and if so, what they are buying.
*****
If I wanted to bet the world economy would recover, Canadian oil sands companies would be one candidate, and a little selected copper miners another.
Uranium - I am starting to get nervous about for some reason.
If the world has natural gas for shale formations like the Barnett (what's the equivalent in China ?) and continuing progress on solar efficency, then there is the option of meeting some electricity demand from daytime solar, the rest natural gas fired plants (low capital costs, quick to build). Now add in improved energy conservation and efficency, and the number of needed nuke plants drops, and how soon they are needed may move out a year or three.
Factor in a big push in uranium all over the world, including Kazakstan, and the future price for uranium starts to erode. |
