GOLD 0.51% $1,391.7 gold futures

as good as it gets for gold *****, page-8

  1. dub
    33,892 Posts.
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    re: as good as it gets 4 gold / rubbish! Hello,

    My tuppence worth fwiw -

    We talk about gold and jewellry from our western perspective. But that's only good for us.

    The sub-continent folk see gold jewellry as a form of saving.

    To equate the demand for gold from India (and Pakistan to a lesser extent) with our ideas is a nonsense.

    To the Indians, gold jewellry is real wealth - not just a symbol of it.

    And really, who will be better off? An Indian wearing US$10,000 of gold jewellry - or you with your US$35,000 of paper money (or digital entry equivalent) deposited in some bank you trust, somewhere.

    Time to get real is getting a lot closer IMO.

    dub

 
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