n Personal Finance Newsletter - Gold, the US economy and oil : comment

Volume 2006, Issue 305
  • ISSN :



Extracted from text ... COMMENT IT IS now widely known that the dollar gold price's rapid increase over the past few years has been largely due to a wall of investor demand for the yellow metal. One indicator of this is the massive take-off in exchange trade gold, or shares representing physical gold held in vaults. Currently, tion in the US averaged about 3% annually. And while it has gone up to about 3.4% in 2005, from only 1.6% in 2002, future forecasts do not see it going much higher. CPM reckons that it will not break 3.4% for 2006, and says it ..

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