Monday, March 30, 2009

Precious metals forcast from the desk of Dick Young:

The Supply-Demand Equation
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Demand for gold has increased by almost 940% in the last year—just in the U.S. Did you know that?

The rush to gold is driven by several factors, Americans have less confidence than at any recent time in their banks, according to a June Gallup Poll. Even bankers don’t trust each other, which is why they refuse to make even overnight loans. So why should you trust them?

Demand for gold, especially in the form of American Eagle coins, grew 800% in a matter of days. So great has demand been, sales are now SUSPENDED. In Vietnam, where confidence in paper money is nil, demand for gold doubled in just 6 months. In Canada, the Royal Mint has run out of gold. And in Asia, 3 billion people emerging into a new middle class, are putting their wealth on their fingers, not in their bank accounts........Get you some!

1 comment:

  1. Updated 04/08/2009 Today Change Week Ago MoAgo YearAgo
    Gold $885.10 +$2.60 $926.00 $897.60 $935.40
    Silver $12.37 +$0.12 $13.00 $12.58 $18.25

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