I think the opposite is true. To say gold has lost its traditional role as a store of wealth is ridiculous. You can’t wear a piece of art, let alone an apartment on your finger, wrist, or neck. And it’s basic economics; when demand increases and the supply decreases, prices rise for all commodities. Why would the gold market be any different today?
I believe gold is setting up for huge rewards. I will not be surprised to see a sudden violent move to the upside for gold bullion prices. That’s because there are so many gold shorts out there that if prices rise, these shorts will be forced to cover their positions, pushing prices even higher.
Short Squeeze in Gold coming soon Bill!
ReplyDeleteIndeed as Supply will be drained. I would say the window of opportunity is closing albeit a slow and stealthy pace, but closing none the less. Price at this stage means very little, its who owns it is the key.
ReplyDelete