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<p>[QUOTE=&quot;Rono, post: 1628571, member: 6492&quot;]Hi folks,</p><p><br /></p><p>The Chinese are buying a LOT of gold.&nbsp; It&#039;s only been since 2004 that private chinese citizens have been allowed to own gold.&nbsp;&nbsp; Even if they don&#039;t have quite as many &#039;survivalists&#039; as we do, they&#039;ve got their hoarders, investors, coin collectors AND nouveau riche capitalists buying bling.&nbsp; </p><p><br /></p><p>In addition to this private demand, they have the chinese government that&#039;s been acquiring gold for years now.&nbsp; Please understand that this isn&#039;t weird or some sort of conspiracy, but rather simply a Utility Curve function from Econ 101.&nbsp; Being the trading partner they are, they&#039;ve garnered literal tons of greenbacks in one form or another.&nbsp; Tons.&nbsp; Well, after a while, sitting on all these dollars, something else, anything else, looks pretty good.&nbsp; I&#039;d want some gold, some francs, some euros, some yen, etc.&nbsp; Besides, the very last thing they want is for the dollar to drastically drop in value - while holding so many.</p><p><br /></p><p>The other huge source of int&#039;l demand is India, particularly now with their economic boom.&nbsp; More money ===&gt;&gt;&gt; more gold.&nbsp; It&#039;s a cultural thing in India.&nbsp; You give it to your female relatives for all occasions and holidays and events.&nbsp; They keep it for ever as their &#039;social security&#039;.&nbsp; </p><p><br /></p><p>Nopers, the Chinese and Indian demand curves are very inelastic.</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

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