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Here's something to consider. What about countries other than China, India, etc.?
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<p>[QUOTE="myownprivy, post: 3085521, member: 84588"]Gold prices should continue to climb due to previously unconsidered world demand in the future. </p><p><br /></p><p>Much has been written about demand from China, India, and a few other countries rising right now. As their economies continue to develop and millions climb out of poverty to join the world's middle class, the new middle- and upperclasses will buy gold, pushing demand for gold higher. Due to a finite supply of gold and assumption of continued US and and European wealth and gold buying here, price should increase due to limited supply. This has been written a million times and I believe is generally correct. </p><p><br /></p><p>But, if like me, you believe the whole world--not just China, India, Brazil, Vietnam, and few others--is on an upward trend of human progress and economic development, shouldn't we continue to expect that many years from now there will be many more Chinas and Indias joining the world's developed nations? </p><p><br /></p><p>If that is the case, we should see gold demand from all over the world. Thus, 50, 100, 250 years from now as the world's economy gets stronger and stronger and stronger but the amount of gold stays the same, its price should explode. </p><p><br /></p><p>I don't believe I have ever read this anywhere before. We have to realize the data continues to show human development and economic development for the world gets better every generation. Yet, much is ignored about potential gold buying from what may currently be a very poor Central Asian or African nation today, but tomorrow may be the next China with millions entering the world's middle class. Won't they want gold, too? Either, I am flat out wrong. I am very insightful and people should start paying me for my analysis. Or, it has been written somewhere and I just missed it.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 3085521, member: 84588"]Gold prices should continue to climb due to previously unconsidered world demand in the future. Much has been written about demand from China, India, and a few other countries rising right now. As their economies continue to develop and millions climb out of poverty to join the world's middle class, the new middle- and upperclasses will buy gold, pushing demand for gold higher. Due to a finite supply of gold and assumption of continued US and and European wealth and gold buying here, price should increase due to limited supply. This has been written a million times and I believe is generally correct. But, if like me, you believe the whole world--not just China, India, Brazil, Vietnam, and few others--is on an upward trend of human progress and economic development, shouldn't we continue to expect that many years from now there will be many more Chinas and Indias joining the world's developed nations? If that is the case, we should see gold demand from all over the world. Thus, 50, 100, 250 years from now as the world's economy gets stronger and stronger and stronger but the amount of gold stays the same, its price should explode. I don't believe I have ever read this anywhere before. We have to realize the data continues to show human development and economic development for the world gets better every generation. Yet, much is ignored about potential gold buying from what may currently be a very poor Central Asian or African nation today, but tomorrow may be the next China with millions entering the world's middle class. Won't they want gold, too? Either, I am flat out wrong. I am very insightful and people should start paying me for my analysis. Or, it has been written somewhere and I just missed it.[/QUOTE]
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Here's something to consider. What about countries other than China, India, etc.?
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