The bullish case for gold continues to build. The old adage ‘more dollars chasing fewer goods’ is particularly apt for gold.
- For the first time in history practically every Central Bank is adding to the money supply of its respective country.
- Despite a record high gold
price , new supply from mines is declining, due to the fact that the ‘easy to find gold’ has already been found. - Comparing the current gold rush to the price rise in 1980 we find that there are currently 2.4 billion people in the world who were not alive in 1980. That is an increase of 53%.
- A large percentage of this huge increase has occurred in China and India. By coincidence the people in those two countries love to own gold. (more)
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