As an addendum to my last post . . .
"It is only a matter of time before there is an increase for the demand of gold. In the past, investors have poured money into physical gold and gold-backed exchanged traded funds (ETFs), thus the gold miners have not had the investment that they will soon receive when earnings start coming through on today's gold price.
"Gold producers are heading for an "inflection point" triggering a rally," Barrick Chief Executive Officer Aaron Regent said in an interview. "They have been punished as investors decided the shares should no longer trade as a proxy for physical gold," he said.
"The growing popularity of gold-backed exchange traded funds, or ETFs, which include the $73.3 billion SPDR Gold Trust, probably have taken away some of the capital that previously was invested in companies such as Toronto-based Barrick," Regent said. Investors have shunned gold producers choosing instead to hold physical metal and ETFs after gold advanced in 11 successive years and touched a record in September."
It's only a matter of time . . .
