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<p>[QUOTE=&quot;Cloudsweeper99, post: 705719, member: 3011&quot;]I don&#039;t think anything you wrote is much of a factor in higher gold prices.&nbsp; The price is higher mainly because of central bank buying and wealthy investors purchasing it as a store of value.&nbsp; At the same time, the large owners of gold are reluctant to sell because there isn&#039;t really an attractive alternative, so it takes higher prices to pry it out of their hands [i.e., you have declining supply and rising demand at the same time].&nbsp; There is also no doubt some speculative buying by hedge funds using futures contracts, but that isn&#039;t physical buying in the strict sense because these guys don&#039;t usually take delivery.&nbsp; There is a segment of society that expects barter to return, but I doubt that they account for even 1% of gold sales.&nbsp; Their impact is way overstated.&nbsp; If you think that is the reason to own gold, you don&#039;t understand gold.[/QUOTE]</p><p><br /></p>

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