Gold Scarcity: So Little Gold, So Much Demand
“How does one know when the gold rollercoaster ride has come to a certain end? Some people are afraid to find out.
Some are too scared to get on the gold coaster, fearing the drop at the end, so they remain watching on the platform, envious as the coaster cars climb to the stars. Funny—they know the drop comes at the end of the ride—so why be afraid? Ride it for all it’s worth, have as much fun as possible, and be prepared for the end of the ride. There is still plenty of time for people to get on board for the greatest wealth transfer on Earth.
If you’re not convinced by now, this week’s Chart Blog provides even more evidence. The value of gold and gold mining stocks as a percentage of total world assets is minuscule today—a mere 1%—compared to what it has been during earlier gold bull markets. So how can gold be in a bubble?” 11/17/10 http://wealthcycles.com Read More