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Message:: [QUOTE="GoldFinger1969, post: 25986326, member: 73489"]TC, gold would have risen even without CB buying...just the lack of sales like in the 1990's is enough for other sources of demand to take over. China, India, Asian countries, rising middle incomes across the globe -- it all leads to MORE global demand regardless if it is because people like holding gold, fear fiscal or monetary recklessness, etc. Indian gold demand doubles about every 15 years.  It used to be 50-100 tons a year right after independence...then a few hundred tons a year a few decades ago.....now it's running at 700-800 tons a year.  In 10 more years, it might be 1,500 tons a year or almost half the annual mined supply. If supply doesn't get boosted from mines (unlikely, IMO) and CBs won't sell...there are no other big sources of supply and the rising demand will HAVE TO be met by a rise in the gold price. I've been looking for $3,000 by 2030 and possibly $5,000 by 2035.  I stand by those predictions, and the PTs could come sooner.[/QUOTE]