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Commodities Briefing - Categorized | Bullion/Gold, Investment

Converting paper to gold - a change in market perception

Posted on 10 February 2010

Fom Mineweb.com: Not only does Chris Potter stand by his claim that India’s big gold buy late last year was a game-changer, it’s a 21st century take on the classic alchemist’s quest of old-transforming lead into gold - or in this case paper into gold.
For as long as I can remember, gold bears have warned that central bank gold is a massive source of supply that is capable of overwhelming any conceivable demand scenario. They said that this would make it very difficult for the gold price to rise significantly…………………………………Full Article: Source

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VRS - who has written 15160 posts on Opalesque Commodities Briefing.


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