Should we expect the demand for physical gold to increase sharply?
*JSMineSet, by James Sinclair, January 30, 2007
“When considering gold please look at the metal as the currency it is from the perspective of a major holder of wealth in the Middle East, South Korea, Russia, Central and South America, the Pacific Rim and anywhere else that is presently feeling the pressure of geopolitical economic fallout.
In the West paper gold traders focus on the Fed and the skewed economic figures spun almost every day. It is all done in hopes that if you make it look like a duck it will quack. The idea is if you fib about economic conditions enough it will in fact become truth.
Your perspective is conditioned by the paper traders that are simply betting on price behavior. The real gold market is the cash market that has been under accumulation since 2001. As we move forward with faith in US management at a historic low while two wars are being fought, expect the purchase of cash gold as a trustworthy currency to increase sharply.”
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.