10 Enormous Gold Reserves
Makes me think that it is better to trade gold than EURUSD
Interesting prediction :
Gold prices
Found this one too (it seems that they all agree - the origin of this chart is from this article : CITI: Gold Pivot Point, Min. Price $2055 - Business Insider ) :
It looks secure, but what if it is another bubble?
With gold it seems straight forward : the exploration cost starts to determine the price more than other things (the wishes of some, for example ...). Since it is a similar story like oil (the more we get it the less is left) don't see how the costs of finding new sources of gold can drop down. Here is the chart with those costs and it seems that it will be the driving force of gold for quite some time
It looks secure, but what if it is another bubble?
Was not aware of the costs increase. Thanks
With gold it seems straight forward : the exploration cost starts to determine the price more than other things (the wishes of some, for example ...). Since it is a similar story like oil (the more we get it the less is left) don't see how the costs of finding new sources of gold can drop down. Here is the chart with those costs and it seems that it will be the driving force of gold for quite some time
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Total gold demand in dollar terms increased in 2012, but declined in tonnage. This is according to the World Gold Council.
The world's central banks were among the biggest customers, buying 534.6 metric tons of gold last year.
And the buying has continued into this year.
The World Gold Council reports that worldwide official gold holdings increased to 31,597 tons in February, up from 31,575.1 tons a month ago.
We pulled the numbers on the 10 biggest official reserves.
Read more ...