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<p>[QUOTE=&quot;GoldFinger1969, post: 16376627, member: 73489&quot;]It&#039;s the NEW DEMAND for the growing middle class in the 3rd World and China/India that can really absorb gold supplies and even central bank sales.</p><p><br /></p><p>Now...if CB&#039;s aren&#039;t net-sellers (they haven&#039;t been lately)....and if new gold out of the ground dwindles because of rising operating costs, regulations, environmental, etc.....<b><i>then you have a perfect storm where the price of gold can SKYROCKET in a few months or a few years.</i></b></p><p><br /></p><p><b><span style="color: #0000ff">Here&#039;s an example: </span></b> when the price of oil fell in 2014, CAPX fell by about 60%.&nbsp; Then prices went NEGATIVE during Covid.&nbsp; It&#039;s why oil rebounded to over $100 in 18 months.&nbsp;&nbsp; A permanent reduction in supply (from reduced CAPX) and then a rise in demand...can lead to a big increase in price.</p><p><br /></p><p><i><b><span style="color: #00b300">I am very confident it&#039;s coming for gold....I just don&#039;t know WHEN.&nbsp; </span></b></i></p><p><br /></p><p>But I guarantee you I or someone else will be quoting this post years down the road. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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