SubscribeAll Posts Tagged With: "consumer prices drop"
Gold is Experiencing Record Demand: So Why Have Prices Fallen?
Having spawned the worst market for stocks since the Great Depression, the global financial crisis is forcing investors to re-examine a number of long-held beliefs. Gold bugs, for instance, have been left to wonder just how gold prices could backpedal in the face of all-time-record demand.
Gold demand did increase – in fact, by a record 45% from the second quarter to the third.
Retail demand was the primary catalyst, spiking 121% to 232 tons. And because of it, bullion dealers reported shortages in bars and coins, according to the World Gold Council, a gold-mining-industry association.
“Gold’s universal role as a…
21Nov2008 | Money Morning | Comments Off | Continued
Loading ...
