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[sharechat] Gold's Fundamentals?


From: "Lazy Haggis" <lazyhaggis@hotmail.com>
Date: Mon, 17 Nov 2003 19:47:14 +0000


At the end of the day, supply and demand will increase/decrease the price of 
gold and associated gold shares, as it does with all stocks and shares.

Demand for gold shares (unlike Restaurant Brand shares in the main) will be 
affected by politics, psychology, fear, panic, uncertainty, doubt, 
terrorism, hatred, war, foreign exchange rates, economic stability, and a 
range of other less impacting factors, even if gold is just useless junk 
yellow metal in the dirt - but it's pay dirt.

If you use a little logic and lateral thinking, just visualise how the 
present and future looks in a "Bush-Blair Western World" versus an "Al Queda 
- Osama Bin Laden - Saddam Hussein - Islamic Extremist World" and which (if 
any) of the above demand factors are likely to decrease.

If we're heading towards a more peaceful economically stable world then gold 
demand will decrease, otherwise it will increase. I think it's pretty 
obvious where the world is heading.

Lazy Haggis.

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