2010-08-18gata.org

Asked what the most important reserve asset would be in 25 years, roughly half of polled officials chose the US dollar, but 22 per cent pointed to gold. Bullion was the second most popular response, well above others such as Asian currencies or the euro.

The GFMS comments about a "gold bubble" on the basis of falling jewellery demand are idiotic. GFMS totally ignores the monetary function of gold, and the omnipresent financial crisis in the toilet paper money that currently prevails.

Of course, GFMS is one of the not-so-balanced "resource users" associations that are constantly biased towards price suppression, so none of this is any surprise.

Credit where it is due -- the rest of this article is pretty good!


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