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Syncrude, there is always 2 sides in a coin. In order to buy gold, one must look at the bright side. Otherwise, why buy into something you don't in. The biggest factor in the decline of price of gold, I think, is the dishoarding by the Asian. In turn, cause demand slow down. Downturn in Asia will not stay forever. Asian will come to buy gold again. I am from China. Gold is in part of our everyday life for thousaud of years. It is the guard for uncertainty. Every family have some gold. People will buy gold whenever they have the means to. Ordinary Asian folks do not sell gold for profit, they only sell for necessity, just in the case of South Korea. All that gold that was produced eversince history is stored away somewhere only for emergency. That is why you don't see gold price collapse that often. As for the ECU(11000tons) and Swiss(1000tons) overhang, it looks big and sounds huge, given time, it will be chip away by the Asian demand, 7 Billion in China and 5 Billion in India still growing. Time will tell all tales. That is why AZS is an OPTION to gold. Buy some and put it away and hope for the best. Regards. |
