investing in gold : In August, he went out and openly declared in an article entitled the gold bull is dead, it is not the right time to buy gold. At the time, many analysts were calling for a bottom and a much higher price. We mentioned that there is a high probability that gold will move lower before bottoming out. Fast it has come forward and that the outlook for the pass.
So let's see what the basics of painting the picture.
Demand for gold in the high according to the latest report of the World Gold Council.
The latest report shows that the total global demand for gold has risen by a whopping 33%.
Americans are also jumping into the foray. US retail demand for gold rose to 32.7 metric tons, 0.200% more than the same period last year.
The report also indicates that the demand for gold in China rose to 70% to 52 thousand metric tons.
It seems that the Europeans also to load up on gold. Demand rose by 35% to 61 thousand metric tons.
So what gives. Why the price of gold is not high.
Based on fundamentals, the dollar should have crashed long ago, also established the US Federal Reserve more money in the last ten years they have created in the last 100. fundamentals may have had to jump in the shares of energy and oil companies only when drunk. Even oil unit crashed very moment, and all the screaming about the lack of experts in the oil and rising demand in Asia. Still aggregate demand in Asia on the rise, but at the same individuals now sign a different song. Rather than less oil, they are now singing a song oversupply. Oh how quickly jumped ship.
