Here's something to consider. What about countries other than China, India, etc.?

Gold prices should continue to climb due to previously unconsidered world demand in the future.

Much has been written about demand from China, India, and a few other countries rising right now. As their economies continue to develop and millions climb out of poverty to join the world's middle class, the new middle- and upperclasses will buy gold, pushing demand for gold higher. Due to a finite supply of gold and assumption of continued US and and European wealth and gold buying here, price should increase due to limited supply. This has been written a million times and I believe is generally correct.

But, if like me, you believe the whole world--not just China, India, Brazil, Vietnam, and few others--is on an upward trend of human progress and economic development, shouldn't we continue to expect that many years from now there will be many more Chinas and Indias joining the world's developed nations?

If that is the case, we should see gold demand from all over the world. Thus, 50, 100, 250 years from now as the world's economy gets stronger and stronger and stronger but the amount of gold stays the same, its price should explode.

I don't believe I have ever read this anywhere before. We have to realize the data continues to show human development and economic development for the world gets better every generation. Yet, much is ignored about potential gold buying from what may currently be a very poor Central Asian or African nation today, but tomorrow may be the next China with millions entering the world's middle class. Won't they want gold, too? Either, I am flat out wrong. I am very insightful and people should start paying me for my analysis. Or, it has been written somewhere and I just missed it.

 

Log in or Sign up to hide this ad.

The supply doesn’t stay the same. Every year more of it has been mined or recovered from a shipwreck ect. The supply is growing every year and it’s infinitely recyclable. There’s more than enough of it for the world.

Besides if you want to talk about 100 or 200 years it may be low value with an infinite supply by then getting mined on asteroids

 

Why not get the UN to declare that everyone on the planet is middle class or higher? That should speed things up.

 

Besides, the governments you mention have a history of pretending to allow private ownership, but then changing the rules so they own it. The Bank of China in the last big jump, started a bullion savings plan and the value of gold from depositors rose about 20%, but when they went to claim it, it was in paper currency payout. Also in the last 10+ years many mining companies has been leasing the output rather than selling it outright, one of the ways ETFs can function with no delivery problems ( contrary to reports by the bullion companies ( IMO of course).

I really do not believe they are coming out of poverty as a country, just the top 1% of their population.

 

In the 70s many people believe that Brazil was going to be the next United States. One clown in the news media even marveled over the uncanny instincts of high school students who, when told to find the United States on a world map, pointed to Brazil.

And then there was the 90s and Japan-- the county of the 21st Century. Why who else has so much economic power that their art collectors spend 40 million dollars for a painting of a flower in a vase?

But, IMO, privy is simply mocking bullion dealers with his post. As if he just discovered that sales people, you know, tend do some puffing.

 

LOLOL