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<p>[QUOTE="medoraman, post: 1142579, member: 26302"]Rising middle class consumers is a great point. This is the main reason I think gold is going up, and if you put a gun to my head I would invest in gold rather than silver right now. I have been to India, middle east, SE Asia, and China. They simply DO NOT care much about silver. Everything is about Gold, and Gold only. My wife is Thai, and I had to buy about 5 ounces of it for our wedding ceremony, as do every middle class/upper class couple in these areas. No one said a WORD about silver anything, and if I suggested it would have been shot most likely. There are silversmiths there, but it is not viewed as a desirable metal like gold is. Ever wonder why the ATM in the middle east that opened recently dispenses gold and not silver? Silver would be easier, as its much more cost effective to buy. Those cultures that are growing in wealth simply have thousands of years desiring gold and only gold. </p><p><br /></p><p>On another thread someone posted that if 20% of the world wanted silver they could only have 58 ounces. Problem is much of the world does not WANT silver for any reason. They would take 1/40th of an ounce of gold day in, day out before they would touch silver.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1142579, member: 26302"]Rising middle class consumers is a great point. This is the main reason I think gold is going up, and if you put a gun to my head I would invest in gold rather than silver right now. I have been to India, middle east, SE Asia, and China. They simply DO NOT care much about silver. Everything is about Gold, and Gold only. My wife is Thai, and I had to buy about 5 ounces of it for our wedding ceremony, as do every middle class/upper class couple in these areas. No one said a WORD about silver anything, and if I suggested it would have been shot most likely. There are silversmiths there, but it is not viewed as a desirable metal like gold is. Ever wonder why the ATM in the middle east that opened recently dispenses gold and not silver? Silver would be easier, as its much more cost effective to buy. Those cultures that are growing in wealth simply have thousands of years desiring gold and only gold. On another thread someone posted that if 20% of the world wanted silver they could only have 58 ounces. Problem is much of the world does not WANT silver for any reason. They would take 1/40th of an ounce of gold day in, day out before they would touch silver.[/QUOTE]
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