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Gold, Cars and Government Bailouts

Sean Brodrick (November 20th, 2008) Writes:
Deflationary forces are pushing the price of gold lower. However, beyond the short-term price for paper gold, some of the news is surprisingly bullish. I'm putting out an update to my recent gold report today, with some very interesting news on supply and demand. The director of the World Gold Council was on CNBC yesterday talking about it. You can see that video here: http://www.cnbc.com/id/15840232?video=933064521 Some of the bullish news for gold ... * Global demand rose 18% to 1,133.4 metric tonnes from 963.3 tonnes a year earlier.* In dollar terms, the jump in demand was even bigger. Dollar demand for gold reached an all time quarterly record of $32 billion in the third quarter, a whopping 45% higher than the previous record … set in the second quarter.* Identifiable investment, which includes purchases through exchange-traded funds and of bars ...

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