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<p>[QUOTE=&quot;GoldFinger1969, post: 16534519, member: 73489&quot;]<b>When you look at the burgeoning middle-class demand for gold in China, with India poised for a decade of 5-7% GDP growth and an exploding middle class....</b>with Asian demand and even African and South/Central American demand risiing.....I can EASILY make a case for multiple levers of rising demand with limited supply growth (if any)...reduced Central Bank sales....and the same underlying supply/demand imbalances that caused oil to skyrocket in the 1970&#039;s or even bounce back bigtime from negative prices in April 2020 in only 2 years to over $125/bbl.</p><p><br /></p><p><b>With tens of millions of middle-class buyers of gold, I can easily make a case for 2,500 - 10,000 new tons of new demand coming in each year. </b> Even if the amount initially and periodically purchased is off...even if many don&#039;t want gold but financial assets or crypto...these are countries and regions with cultural attachments to gold that will not be easily as broken with many as it would with a 25-year old with a smarpthone and financial App.</p><p><br /></p><p>I look back on $325 gold 20-25 years ago and wonder why I didn&#039;t buy more.&nbsp; And I wasn&#039;t even aware of Saints and Double Eagles (or even Eagles) at the time. Common Saints at $450.....MS-66&#039;s for under $2,000 and even MS-67&#039;s probably cost under $5,000.</p><p><br /></p><p><i>I wonder if we&#039;ll say the same thing in a few years or maybe a decade about gold at $2,000 an ounce ? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" /></i>[/QUOTE]</p><p><br /></p>

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