There is No Gold Bubble
Wednesday, May 17th, 2006These are items the US mass media and financial media do not want you to know about:
The production of gold in the world is substantially less (about 1500 tons per year) than the amount being bought. It has been that way for years. Where is all that extra gold coming from?
There is a huge short position in gold that was slowly put on over years and years to artificially depress the price of
