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Mining CEO discuss future of gold market
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Posted 11/24/2012 12:07 (#2714160 - in reply to #2714099)
Subject: Re: Mining CEO discuss future of gold market

John can you explain further what you mean from the last paragraph.... more so the last couple sentences... I'm a little slow today..
The 80's gold run up was pretty much a US centric thing and came to an abrupt halt when real interest rates turned positive (ala Paul Volker). We (the Fed and Treasury) can't stand to have positive real interest rates today as it would bankrupt both. Today the US accounts for 8% of gold consumption. We are the tail that is attempting to wag the dog. Those that fail to see that connection will easily be fooled into following the wrong path to wealth preservation.
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