Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: arun gera who wrote (163554)	10/11/2020 2:06:44 AM
From: TobagoJack	Respond to of 220319

Do not know about the Indians, but mainland Chinese definitely bought more gold 2020 than 1990, even as they bought more mobile phones, perhaps because the phones enables more wherewithal to engage w/ still more gold Am reasonably sure same for India and a lot of other previously un-goldly places Interesting, that according to gold.org as much 'gold' as 1-3 years USA treasuries trades, but as we know the ratio of paper : physical gold trading might be 200:1, then I shudder to think what would happen should paper-gold ever hiccup and physical go unobtainium might physical gold zoom by 200:1, and if so, then US$ 400,000 / per troy ounce? (yeah, I do not b believe that target price, because should that price appear on the horizon, a lot of unpleasant events happened and shall still happen) Am sure the authorities would act to short-circuit that move in a hurry as lots of financial entities and instruments go berserk