Monday, June 25, 2012

Less Gold, More QE Means One Thing

Author: Dorothy Kosich
Posted: Monday , 25 Jun 2012
Australian gold production fell for the third consecutive quarter with 62 tonnes reported for the first quarter of this year, a 5% drop from the fourth-quarter 2011.  LINK...
Not only do we have an increasing supply of money and credit to bail out failed institutions and countries, but a smaller supply of gold as well. In the long run these two fundamentals could only result in one thing for gold, MUCH higher prices.  BK