24hgold - Asian Gold Demand "Still Lacking" as Vietnam Bans Monetary Use…

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SirJames
Member since August, 2011
25 commentaries -

Commented On
Asian Gold Demand "Still Lacking" as Vietnam Bans Monetary Use… - Ben Traynor - Bullion Vault

So let me see if I understand this. Panic buying by the ton does not increase the price; but a lack of demand does. Yet the value of gold is not impacted by supply and demand of available gold because sales simply move the metal from one person's hoard to another's. And the only reason for the change in price is paper gold in in several forms. A bank can have a greater impact by dumping a bunch of HST shorts into the market at the bullion market - which impacts the spot price immediately - but a huge change in physical supply and demand (well demand only usually) means the sky is falling, the gold bull (which is not a bull at all but a carefully controlled ascent "managed" by the Fed and it's allies) to protect the USD as world reserve - has tremendous implications...for the so-called bull and the totally artificial paper-generated spot price. Are the lot of ya mad???

Commented 404 days ago

Read the headline : GOLD and SILVER ticked higher from Wednesday evening's 3-month lows in London on Thursday, going into the long Easter weekend with gold trading 0.7% higher against the US Dollar. Silver bullion rallied 2.2% from last night's low, but held one-third below the 3-decade peak near $50 per ounce hit at Easter 2011...Read More

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