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<p>[QUOTE=&quot;Juan Blanco, post: 1576400, member: 41665&quot;]Look at the WGC link on Page 1, here. In Q 3 2012, US Bar/Coin demand was 10.5 mt; global demand Bar/Coin was 294 m.t. <b>The US is less than 4% the global bullion investment, retail!</b> (Yes, I&#039;m ignoring the junky vastly inflated kgold jewelry mkt as spurious, here.) &#039;Not a big deal&#039; ? Ha, we&#039;re basically irrelevant to the current PM mkt. As investors, Americans own almost nothing. </p><p><br /></p><p>Also, the USA had net gold exports of 103 mt in Q1 2012: so we&#039;re now exporting ~10x what we import?! Scrap Gold is flowing out of the US at ever higher rates than Americans are buying. </p><p><br /></p><p>Compare &amp; contrast the US share of global equity (proxy: <i>MSCI All Country World Index</i>). The USA is still ~40% of the paper-game. In addition to grossly overrated RE, American schlubs hold more overpriced USD$-denominated paper assets than anyone else. In each downdraft, we&#039;ll lose more &amp; more. When the Perfect Storm hits (circa 2018-22) <u>US investors will be totally wiped out</u> - <i>because </i>they cling to nothing but spec/fantasy paper &quot;investments.&quot; That&#039;s alarming, no?</p><p><br /></p><p>What does this mean for American coin people? </p><p><br /></p><p>1) It means that <i>falling demand in our coin shops</i> (however bad/good for US sellers/buyers) says much more about this peculiar feeble mkt than about global investment in PMs. </p><p>2) It means <i>there is no &#039;Gold Bubble&#039; in the USA ... </i>and arguably never was (even in 1980.) </p><p>3) It means that Gold &#039;demand&#039; by Americans isn&#039;t the story now either; on the contrary, Americans have been <i>net losers </i>to Cash4Gold scamers (SOLD, for 40 cents on the Dollar.)</p><p>4) It means that &gt;99% Americans &#039;don&#039;t get&#039; Gold and probably never will - 10 years later and multiples higher, they&#039;re still clueless. That&#039;s the success of Wall St. Paper-Bug brainwashing.</p><p>5) It means we watch China, India and European bullion buyers very very closely - or global demand for PM ETFs. That&#039;s where POG and gold-focus goes ... from here on out.</p><p><br /></p><p>I&#039;d humbly suggest &quot;Stay the course!&quot; keep accumulating on any future POG dips, converting Paper into Real Assets, etc. A truly parabolic price-move (circa 2020?) will only occur when millions of American Dollar desperados pouring whatever&#039;s left into something of real value. In the 20th C. Americans have never witnessed this but it did happen in failed Confederate currencies 1864-5 and with Continentals in the late 1770s.&nbsp; Likewise, hundreds of other countries&#039; paper fiatscos: read up on those, history doesn&#039;t repeat but it usually rhymes.</p><p><br /></p><p><br /></p><p>Here&#039;s a chart of the German Mark during the hyperinflationary period:</p><p>[ATTACH=CONFIG]216986[/ATTACH]</p><p><br /></p><p>Look what&#039;s been happening to the Iranian Rial since June 2012: memorize the chart pattern &amp; formation.</p><p>[ATTACH=CONFIG]216985[/ATTACH]</p><p><br /></p><p>Honestly, proof is always in the numbers. It&#039;s not about you, or me, or a friend in Idaho who thinks like us. The minuscule number of bullionists here (&amp; on precious few similar web-forums) notwithstanding, trend is clear and has not changed. Americans don&#039;t get it! Too bad for them: pity the fool.[/QUOTE]</p><p><br /></p>

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