We See Gold Going Lower in the Long Term
Then again, in the long term we are all dead, but anyway...
Did you know the 4 major factors for the rise in gold prices? Here they are according to this analysis:
1) The inception and proliferation of gold-backed, exchange-traded funds (ETFs).
2) Growing retail demand from emerging markets, particularly from China and India.
3) Central banks switching from being net sellers to net buyers of gold.
4) Miners scrambling to eliminate their gold hedge books.
1) Rationalization
2) Why then does gold outperform when these outposts blow up during market crashes like '08?
3) Why do you suppose they are net buyers?
4) Jesus, enough with the old chestnuts, already.
Gold is doing nothing. Just sitting there keeping its center while all around it is in motion. These crack heads either never seem to get it or just cannot understand the concept that not everything is a play in the casino of blinking red and green lights.
We are very far from breaking a pervasive casino mentality where price and return are worshiped at every turn. Therefore, we are nowhere near the end of the supposed bull market where all gold has to do is sit there doing nothing (offering no return) and yet the 'price of value' assigned to it keeps going up.
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