Saturday, 15 June 2013

Gold Wars

Disparity persists in gold markets. Futures markets remain relatively benign,  spot gold has been rising over the past 30 years. All major currencies have lost considerable value versus gold, however, futures markets do not indicate this fundamental. With suppressed futures markets, which drive gold production, restricted future supply will drive up prices long term. All this will happen in an environment favoring increased money supply.
These dynamics explain disparity between western and eastern gold markets. The future is still up for gold.

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