FOA & Another. Big point.

Another tried to explain and I tried to refine, gold has historically represented its value as a function of the total world wealth and economic activity. (the more value that was created, the more gold was worth)

Over time, our known gold supply has grown by leaps and bounds, but our economic structure and goods creation ability has literally exploded a thousand times that gold creation.

In doing so our wealth relationship with gold has seen it's ratio degraded to a tiny fraction of >>

where it would be in a physical only market. Paper gold and the examples above of the human dynamic, have played an incredible roll in creating a mismatch of wealth value unknown in man's time.

It is from here that we can understand the awesome leverage contained in holding but>

one ounce of gold.

Yet, it is a revelation to gold buyers as much as a curse on gold industry and leveraged paper investors.

From here, we understand why the current prices for gold do not have any bearing on the buying habits of the major players that walk this trail.