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Why Oil and Gold Are Headed Much Higher [View article]
Why Oil and Gold Are Headed Much Higher [View article]
Who's to say that these levels are depressed considering we're still significantly higher than we were just a few years ago - keeping in mind the increases that have been made in efficiency in the past few years. If we can double energy efficiency, demand would have to more than double in order to justify higher prices.
As for the coin shortage, retail investors are buying them up like crazy, that's why there's a shortage. Retail investors were also buying up dotcoms at the height of that bubble. The only difference is that here the shortage is noticeable because its a physical asset. There is more than enough gold to make the coins, just coin production cannot keep up with the retail investors irrational exuberance. The fact that the U.S mint is advertising a lot now should also keep the conspiracy theorists busy. Is the government trying to dump their gold at high prices before it crashes and then buy it back cheaper?