Commodity Trade Mantra

Posts Tagged ‘Precious Metals Demand’

Is The Selling Of Paper Gold And Silver Finally Ending?

What if gold and silver naturally act as Giffen Goods (goods that people buy more as its price increases) in the latter stages of a global debt bubble? Intuitively, this makes sense. Rising gold and silver prices should naturally reflect increasing risk to the financial system— especially counterparty risk since gold and silver bullion are the only financial assets which have none.

Gold Price Doesn't Move, Despite Global Financial Turmoil

For the first time ever a developed country has defaulted on an IMF loan, the future of the euro is at stake & demand for physical gold in Europe is strong. The stock market of the world’s second largest economy declined by nearly 30 % in less than three weeks, but the gold price doesn’t move. Surely, the last thing authorities need at this moment is gold on the move.

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