kathman

Have Gold and Silver Stocks Peaked? Challenging the Analysts

your comment about gold jewellry being marked up 300-400% in Abu Dhabi is wrong. In the indian market, where jewellry is over 22k gold (almost pure gold), it is sold by weight. Very little incremental value is placed on the design of the jewellry items, so it actually is purchased in large part as a store of value. You are seeing people melt their existing jewellry and convert it into cash at these prices. it has a big impact on worldwide supply/demand so it is not a trivial issue.