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Excellent article on Gold. This could be a big deal...Not new news, but very well done. Article describes an important aspect of Gold supply / demand going forward. Hint, demand could rise. http://bit.ly/UBmwJe The linked article implies that commercial banks might want (or have) to hold more Gold on their balance sheets....Quote, "In terms of the amount of Gold that could be purchased that is harder still -- if we thought that say 2% of total current Tier 1 capital held by commercial banks globally might be converted into Gold (forgetting for a moment about the increases in capital yet to be seen) -- this would suggest that 2% of the $4,276 billion would be converted to Gold. That is equivalent to $85 billion in gold which at current market prices is equivalent to 1,700 tonnes of Gold."
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