Must read on gold today.
Thanks to Ed Steer’s great daily newsletter for pointing this out.
You need to go read it. Has very interesting implications for the gold market which right now ExactPrice is showing a spot of $1,186.40.
UBS sees gold investors diversifying into reality: A New Trend in 2010 is the Movement Toward Fully Allocated Physical Gold: UBS.
In my mind I couldn’t help but connect this with it:
Thanks to Peter Grandich for point that out on his great site of which I must point you too this post of his:
I’m here to tell you that we’re at best only halfway through the “mother of all gold bull markets.”