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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (90725)11/23/2008 2:49:47 PM
From: Proud Deplorable  Respond to of 116555
 
"Jewerly use of gold is not related to price. That I can prove. It is in the above link"

very true

but if the demand is there they buy bars and convert them. Do you have east Indians down there in Seattle? You should see how much gold they wear, walking jewelry stores, must be heavy

anyway I'm not convinced we are in true deflation and even so it won't last too long but hey no one seems able to agree on this right now so I sit and watch



To: mishedlo who wrote (90725)11/23/2008 8:19:34 PM
From: forceOfHabit  Read Replies (1) | Respond to of 116555
 
mish,

BTW I was wrong about Jewelry use of gold. I am not sure where I got 3% from, perhaps that is industrial use.

Pathetic. Are you supposed to be an informed expert or just another internet blowhard obsessed with your blog's click rate? A legend in your own mind? The link was right there in the post (90686) that pointed out your error. Here I'll give it to you again:

spdrgoldshares.com

Then click on the pretty gold letters that say "download the GLD Prospectus in PDF format". The table you want is on page 16.

On to your next peculiar claim: But.... Jewellery use of gold is not related to price. That I can prove. It is in the above link

From said link

globaleconomicanalysis.blogspot.com

"A rising gold price usually begets falling jewellery demand..." Sounds very much to me like that is saying jewellery use of gold is (inversely) related to price. Do you even read what your write??

habit