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SPDR Gold Shares Message Board

  • agno3doc agno3doc Jun 3, 2013 6:49 PM Flag

    If 80% of the earth's gold has already been mined

    coupled with the FACT that currencies are being driven lower, year by year; Then, why would anyone come to any other conclusion than Gold will continue to ascend to new heights?
    Some try to argue that Gold is merely a metal with no earnings, no dividend. It's merely a reflection of speculation.
    OK
    How much in dividends does a piece of fine art pay off?
    How much does that Jackson Pollack painting provide each month?
    Nada
    But if you were smart enough to speculate, art did very well.
    No divs. No earnings.
    What's going to happen as gold supplies are reduced even further while currencies keep getting lower and lower in purchasing power?
    Just sayin folks.

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