Interesting posts.
Gold is money. The rest is credit....or so said JP Morgan.
Given that gold cannot be produced at will by governments, gold is perhaps more like the money you really want to have.
The Chinese are the biggest gold producers, yet they do not sell.
The Chinese are now actively investing in gold "in the ground" outside of China.
The Gold Miners generally are hurting at todays prices, and some are barely profitable. Probably many if they came clean, and they are being asked to more loudly now, are not profitable.
The large gold producers are barely replacing production, some are not.
Costs of gold production in South Africa are going up, and will continue so.
These are just a few observations that suggest gold is going to move upward in price.
Interesting posts.Gold is money. The rest is credit....or so...
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