Demand for the real thing not just paper Gold is what is going to drive prices up. I'm far from an expert but buyers certainly wanting to take delivery of gold and not just playing the trading game.
Article from this week:
http://www.advisorone.com/2012/02/20/banks-storage-companies-expand-gold-vaults?t=economy-markets
Two from Sept last year.
http://www.bloomberg.com/news/2011-09-21/bullion-vaults-running-out-of-space-as-gold-rally-accelerates-commodities.html
http://247wallst.com/2011/09/21/running-out-of-room-to-store-gold-supplies-bcs-db-jpm-bco-gld-iau-hbc/
mmmm GOLD
http://www.google.com.au/search?q=gold+vault+full&hl=en&rlz=1T4SKPT_enAU410AU415&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=2SNET4TMNbGZiAfv9LzpBA&ved=0CE4QsAQ&biw=1075&bih=611
Gold up AUD50.00 odd last night - Shame FML on the nose.
same as last year, page-9
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Last
14.0¢ |
Change
-0.015(9.68%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.0¢ | $4.409K | 30.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1700 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 6000 | 1 |
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| Last trade - 15.44pm 05/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |