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Another reason gold price is climbing

derrybderryb Posts: 36,795 ✭✭✭✭✭
in Precious Metals
From "Gold's Historic Rally Continues"

image

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • CoinCrazyPACoinCrazyPA Posts: 2,899 ✭✭✭✭
    image that is some growth.
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  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    A lot of that ETF money in prior market cycles would have gone into gold mining stocks which accounts for their sluggishness since 2004-2006.

    Are central bank gold purchases listed anywhere in that table?

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • cladkingcladking Posts: 28,647 ✭✭✭✭✭


    << <i>A lot of that ETF money in prior market cycles would have gone into gold mining stocks which accounts for their sluggishness since 2004-2006.

    Are central bank gold purchases listed anywhere in that table?

    >>



    Excellent point. I'm sure you're right.
    Tempus fugit.
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