I know this isn't property related but I recall some saying you should have a little gold put away. The latest industry stats are interesting for any gold bugs out there:
Although in value terms gold rose 20% the actual demand in tonnage terms dropped 16% ( year on year) this is the lowest in 5 years ( I believe thats when the current run started!) Jewellery demand for gold declined 21% ( year on year) thats the lowest since 1993. Supply went up 6%. I'm guessing the gold price has outstripped demand......probably because the price has just got out of range of the normal physical buyers
Although in value terms gold rose 20% the actual demand in tonnage terms dropped 16% ( year on year) this is the lowest in 5 years ( I believe thats when the current run started!) Jewellery demand for gold declined 21% ( year on year) thats the lowest since 1993. Supply went up 6%. I'm guessing the gold price has outstripped demand......probably because the price has just got out of range of the normal physical buyers
Comment