Gary H,
Who will step up and announce they have been accumulating gold ?
Who has more money than Buffet ? Well, its Bill Gates of course ! Just joking.
I guess if silver can be accumulated, so can gold. Not by one tycoon, but by millions of investors, investing in gold coins, jewellery, etc. Once the Asian economies have recovered, the citizens of these nation:
1. Who have seen the severe devaluation of their currencies,
2. Who have realized that the only asset worth holding onto was gold
3. Who will be reluctant to fully believe their leaders
4. Who have believed in gold through the centuries
5. Who think of wearing gold as a status
etc. etc. .....
will be buying up gold in large amounts.
Look at it this way. The world is awash with paper money, with the printing presses busy pumping out paper with little accountability. In today's prices, gold is very cheap. If I treat my wife to a nice weekend at Niagara Lake, with a fine dinner, and nice bottle of wine. The outing will cost me a couple of ounces of gold. Multiply this with millions of people doing just that every weekend and all over the world. How much paper money is floating around.
I could carry on and on, but what I am trying to say is that the time for a bull in gold may be very near. Just my opinion.
Cheers, Lalit Jain |
