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<p>[QUOTE=&quot;Info Sponge, post: 711309, member: 20538&quot;]It worries me a little that jewelry demand is down, given that it&#039;s 70% of the market for gold. A key unanswerable question is whether the increased investment demand is coming from fear or from greed. If it&#039;s greed, we&#039;re in a bubble, though maybe in the early stages. </p><p><br /></p><p>Then there&#039;s the relativity problem: do you interpret the price rise as gold going up, or as the dollar going down? The fundamentals on gold are mixed, the fundamentals on the dollar are consistent.</p><p><br /></p><p>The comment above about watching oil prices is insightful. One estimate is that 40% of the cost of mined gold is the diesel to move all that dirt around.[/QUOTE]</p><p><br /></p>

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