As the US dollar demise continues it won't take much to send physical gold and gold shares to prices that many on this forum and the investment world think impossible. I'm not just talking gold moving up a paltry 16% to $500. ========================================
"There are currently 7.5 trillion dollars in mutual funds. A return to an investment climate where gold is viewed as a necessary diversification asset would put a strong bid into gold stocks and bullion. An additional move of 1% of mutual fund assets into gold is a $75 billion bid for the gold industry and if one could imagine potentially 5% of mutual fund assets finding their way to gold that would place a $200-250 billion additional bid into the industry. Considering that the entire market cap of the industry is only $127 billion, a return to diversification in gold could push the prices much higher."
