TSX:LSG.DB - Post by User
Post by
Risktaker7on Dec 03, 2014 8:18am
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Post# 23189135
Gold will go up
Gold will go upThese are my simple but logical reasons for gold to keep going up.
1.Jewerly demand accounts for 45% of all gold being sold with demand increasing from India and China and import bans recently lifted from India.
2.Recycled gold into the market is dropping 7% each quarter and recycle gold accounts for about 30% of gold supply into the market.
3. Operating costs and new mine startups have delayed alot of projects and some current mines not being feasible to stay open which will hinder supply.
4. A weak US dollar,they are way too many reasons against the US dollar strengthing.
High demand vs supply
Risk