Gold rises to new high on investment demand
For the past generation, the biggest use of gold was for jewelry. Countries like India and Turkey bought gold and fabricated jewelry with a good market for their product. With financial instability, people have begun to see gold as the only safe”currency”. Investment demand will far outpace jewelry demand going forward. The price of gold (and silver) remains volatile. There will be ups and downs, however the main trend is up. Gold stocks are not the same as gold. They can leverage either way depending on the individual stock and the markets in general.