Re: gold demand falling worldwide
in response to
by
posted on
Aug 24, 2009 06:47PM
OK.
From what I can see, the Chines are buying, the Russians are buying, the ECB's are reducing or eliminating their sales altogether. The heard Swiss Banks are running low on places to store the bullion. Many analysts on GoldDrivers, Gold-Eagle and 321 Gold providing solid arguments on strong gold demand (admittedly, pro-gold websites).
I don't see the reduced demand. But what do I know.
In US$ terms, gold is going much higher, and that is a good thing for me, but maybe not alot of other people who didn't see the writing on the wall.
I wish CSG would let us know what's going on....
MB