Topic: Valueing Gold in Real Terms - The Economist. (Read 1621 times)
Gold doesn't need electricity to actually exist though.
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Bullish case for gold is not that bright for a simple reason that half of money stored in gold will be tunnelled into bitcoin.
yeah, but there is still very large percentage of population who want to get into gold but can't because it "too expensive". As long as they keep piling in on the dips, then gold could become the poor man's bitcoin ... it is still limited in quantity of supply versus the fiat factory emissions trading scam.
I really doubt that the trust in gold and something that can easily vanish in a puff of smoke will ever be the same.
Thought this might be of interest to some.
http://www.economist.com/blogs/buttonwood/2011/04/commodities?%3Ffsrc%3D=scn/tw/eecon/sf/butwd
http://www.economist.com/blogs/buttonwood/2011/04/commodities?%3Ffsrc%3D=scn/tw/eecon/sf/butwd
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