Gold Will Not Go Up Until These Ladies Start Shopping for Gold ...

With the world going up in economic flames, fiat money being printed like crazy, countries going into massive debts they cannot repay, and countries such as Germany and Venezuela repatriating their gold, how come the price of gold has not gone up like crazy?

See, it works like this. 99.9% of the investors out there do not even consider gold as an investment. Institutional American Investors are taught to keep 40% of their investments in stocks, 40% in bonds, and about 1% in gold. Gold has not been taught to be an investment for over 40 years. Anyone who knows anything about gold is self taught.

Investors are not taught about gold as an investment. Central banks certainly know that gold is real money but they are not going to teach anyone that because they want their citizens to use their fiat currency as money.

China and India are two of the largest buyers of gold. Together they account for about 50% of the gold purchases in the world. The rest of the world combined accounts for the rest of the purchases. The media loves talking about America, Europe, and Japan. But in the grand scheme of things they are minor players compared to China and India as far as gold purchasers.

So when will the price of gold really escalate? One, if the economy of China and/or India really get better then you will see them acquiring even more gold than they already do and then you'll see the price rise. As for the rest of the world. Something really dramatic will have to wake them up. Maybe one morning a country will have it's currency blown up in one day, no one will be able to get their currency in the banks, or hyperinflation will hit them suddenly. Only then, will the rest of the world realize that their government's have been feeding them a lie. They will find out that their currency is not as good as they thought, they will look at an alternative. Some will use another countries currency as an alternative. Others, will flock to gold and silver. When that happens, the price of gold will really rise.

Or if there is some kind of paradigm shift. Right now Gold purchasing is not fashionable. One day, something could happen where that thinking changes. Gold purchasing is already culturally ingrained in India and China. It is not fashionable in most of the rest of the world. However, with the economic chaos seemingly getting worse every day, the conditions seem ripe for a change in gold's perception. When that happens, you better hope you have already bought the gold because when gold becaomes fashionable, the price will be way too high and the opportunit to make the really big profits will have passed.

Source: http://neilski.typepad.com/chicago_gold_and_silver_i/2013/01/gold-will-not-go-up-until-these-ladies-start-shopping-for-gold.html

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