Message:

<p>[QUOTE=&quot;GoldFinger1969, post: 26110776, member: 73489&quot;]No, not happy...just chock-full-of facts. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>Poor people on subsistence can only purchase or afford to hold the tiniest amounts of gold via jewelry, bars, coins, etc.&nbsp; When they have a low- or middle-income, they can buy alot more (if they want).&nbsp; Less than 10% of the Earth&#039;s population lives in extreme poverty (subsistence) today; in 1970, it was 60%.</p><p><br /></p><p><b><i>We just freed up 50% or half of the Earth&#039;s population to buy stuff including PMs....you don&#039;t think that shows up over time ?&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" /></i></b></p><p><br /></p><p><b><span style="color: #ff8000">India per-capita gold consumption has doubled every 12-15 years since 1947;</span></b> on track for 800 tons last year and this year.&nbsp; That is one country, albeit with the largest population on the planet.&nbsp; </p><p><br /></p><p>By 2035, subject to price elasticities from the rising price, they could be on target to purchase <b>1,500 tons per year or about 40% of global supply. </b> They purchased about 5% of global supply in 1950 !! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie101" alt=":woot:" unselectable="on" unselectable="on" /></p><p><br /></p><p>No central bank sellers...plenty of retail coin/bar demand....some people buying for economic/inflation reasons (you are correct there but it&#039;s not the major factor)....all part of a powerful tailwind, Charley. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie33" alt=":cigar:" unselectable="on" unselectable="on" /></p><p><br /></p><p>Major negative is competition from BitCoin and crypto. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie4" alt=":mad:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in