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Central Missouri | imo, you are looking at gold wrong. It isn't that good of an inflation hedge. It does well during periods of negative real interest rates which we are in. Demand is blossoming in china. Mine output is stagnant yoy. It is a haven for those concerned about currency devaluation which is going on worldwide. Worldwide central banks are now buyers as opposed to net sellers just a year ago. And the trend has been up for 10 years now. That is a freight train I wouldn't step in front of.
Just a couple of months ago the imf announced they would sell 400 tons. Well the first 200 went like lightning and there are buyers lined up for the next 200 but the seller has crawled back in their cave for now. The only negatives for gold is that the bullion banks continue to sell and many believe that gold is a relic with no utilitarian value. The truelly greatest thing in favor of gold these days is that you can't print more gold to fix your govt deficit spending.
http://finance.yahoo.com/news/An-Interview-With-The-Rob-siliconalle...
Edited by ehoff 4/6/2010 22:41
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Verge of Serious Ankle Grabbing
