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<p>[QUOTE="medoraman, post: 4714155, member: 26302"]I would disagree with the supposition that gold is underowned by those in the Far East, India, Middle East, etc. Everyone I know with family there probably has gold as their #2 asset held, after land. Many have it as #1 if land is not easy to own. MASSIVE amounts of gold are owned by every family in those areas of the world. My mother in law probably owns 70 or 80 ounces and she is not rich. Such ownership is actually the main reason the GSR is not 16 to one anymore, but more like 80 to 1, since there are so many families around the world wanting gold and only gold.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 4714155, member: 26302"]I would disagree with the supposition that gold is underowned by those in the Far East, India, Middle East, etc. Everyone I know with family there probably has gold as their #2 asset held, after land. Many have it as #1 if land is not easy to own. MASSIVE amounts of gold are owned by every family in those areas of the world. My mother in law probably owns 70 or 80 ounces and she is not rich. Such ownership is actually the main reason the GSR is not 16 to one anymore, but more like 80 to 1, since there are so many families around the world wanting gold and only gold.[/QUOTE]
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