from Mineweb:
Every day the case for investing in gold and silver would appear to get stronger and stronger as worse economic news follows bad. Gold and silver prices may get hit by stringent margin increases on some exchanges, yet still they bounce back. It seems that whatever ammunition the gold bears (whoever they may be ? and suspicion falls on ?official? channels and major banks holding short positions here among others) throw at it the ?monetary? precious metals regroup and bounce back after a perhaps initial sharp retreat. It may well be that the bears are running out of ammunition! Gold and silver may lose the odd battle but they are certainly winning the war.
As has been pointed out in these pages time and again over the past several months, or even years, the centre of gravity for gold demand is moving ever further eastwards, which means that whatever western institutions (and I use this term in its widest sense) may try to do to curb its enthusiastic breakout they are ultimately doomed to failure. The Chinese, Indians and other eastern investors who are psychologically hard-wired into gold as the ultimate survival currency when times are bad ? a factor which equally affects their government attitudes to the yellow metal ? will call the tune and any splurge of western sales quickly provokes an even stronger purchase response from the East.
Read More @ MineWeb.com
Source: http://sgtreport.com/2011/09/the-case-for-gold-and-silver-investment-gets-stronger-and-stronger/
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