GREY:PGDIF - Post by User
Comment by
mill44on Jun 08, 2016 12:35pm
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Post# 24946761
RE:$12 per oz
RE:$12 per oz
Gold is used by central banks, as hedge, as currency and who knows what else. Diamonds are bought on discretionary income. Lot more companies exploring and mining gold than diamonds. Quite a few big names with a lot of buying power in gold, 2 or 3 in diamonds. Gold could be resuming a secular, huge bull trend, supported by one of the most powerful emotions, fear, because of the path the central banks have chosen, while discretionary income could be shrinking because of the state of the global economy. Demand for gold might not equal demand for diamonds.