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How big is the RETAIL PHYSICAL Gold mkt in the USA?
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<p>[QUOTE="InfleXion, post: 1575055, member: 29012"]China has also stalled in gold purchases, down 8% this quarter according to MineWeb. They use the term "toppled" which I find humor in, considering the demand had grown exponentially every quarter since 2009 or possibly even earlier. After a meteoric rise such as that, 8% doesn't seem like much at all. Their economy is slowing though, and it looks like they've finally evened out a bit. I don't know about the US specifically, but I would venture to guess most people just don't have money to spare for PM's right now with the job market as it is. I don't think that's likely to improve until we get deflation, since inflation prevents people from being able to buy as many goods and services which are needed to boost jobs, but that doesn't concern me for this bull market considering how many magnitudes more of dollars exist in non-tangible assets that may stampede into hard assets when the first giant hedger runs for the door.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1575055, member: 29012"]China has also stalled in gold purchases, down 8% this quarter according to MineWeb. They use the term "toppled" which I find humor in, considering the demand had grown exponentially every quarter since 2009 or possibly even earlier. After a meteoric rise such as that, 8% doesn't seem like much at all. Their economy is slowing though, and it looks like they've finally evened out a bit. I don't know about the US specifically, but I would venture to guess most people just don't have money to spare for PM's right now with the job market as it is. I don't think that's likely to improve until we get deflation, since inflation prevents people from being able to buy as many goods and services which are needed to boost jobs, but that doesn't concern me for this bull market considering how many magnitudes more of dollars exist in non-tangible assets that may stampede into hard assets when the first giant hedger runs for the door.[/QUOTE]
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