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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 385.42-0.3%4:00 PM EST
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To: TheSlowLane who wrote (29086)12/21/2012 3:59:35 PM
From: Jacob Snyder  Read Replies (1) of 29622
 
Thanks for that very interesting link. So, the reason miners have lagged the gold price recently, is because costs of mining have increased, production has flat-lined for 10 years, few new discoveries have been made, and the gold content of ore has declined.

I hadn't realized China and India now make up 40% of demand for gold, and 40% of demand was for jewelry.

If the analysts are betting the price of gold will go down, I'm willing to take the other side of that bet. Devalued currencies (relative to gold and hard assets) is certain, given the actions of governments and central banks. My question is whether the best vehicle to make that bet is gold or miners.
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