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<p>[QUOTE=&quot;cjh1985, post: 666586, member: 19846&quot;]. . . been thinking about this some more and reading other threads (hey, I&#039;m stuck in Clovis, New Mexico for a couple days, what can I tell you!! - actually a fairly nice town <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />). </p><p>Since only 10% of gold is used for industrial purposes, that is not the reason for the increase. And obviously increasing inflation or interest rates are not the reason. </p><p>What may be a big part of the increase (hey, I never said I was the sharpest tool in the shed - heck, I&#039;m not even in the shed!) is the wealth in the world&#039;s population centers (India, China etc.) has been increasing and so too the purchase of gold jewelry. Now that makes sense to me!</p><p>The problem is, like oil, the higher the price, the more mining occurs, and eventually the price comes back down to earth. It may not be tomorrow, or next year, or two years, but it will happen relatively soon. Just common sense, IMO.[/QUOTE]</p><p><br /></p>

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