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Goldman lowers 12 month forecast of Gold to $1390
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<p>[QUOTE="InfleXion, post: 1696482, member: 29012"]Physical supply and demand has nothing to do with gold price. Jewelry is irrelevant. Available gold supply is 7 times that of silver. If that mattered silver would be 7 times more valuable. It is entirely based on paper contracts. If that wasn't the case it would be entirely based on the velocity of money. Maybe the price will go down, but not because of supply and demand which won't be a factor unless there is a supply shortage.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1696482, member: 29012"]Physical supply and demand has nothing to do with gold price. Jewelry is irrelevant. Available gold supply is 7 times that of silver. If that mattered silver would be 7 times more valuable. It is entirely based on paper contracts. If that wasn't the case it would be entirely based on the velocity of money. Maybe the price will go down, but not because of supply and demand which won't be a factor unless there is a supply shortage.[/QUOTE]
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Goldman lowers 12 month forecast of Gold to $1390
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