Club Mulgoa

Tuesday, June 05, 2012

POG

http://minesite.com/news/the-next-big-thing-in-gold-possible-purchase-of-1-700-tonnes-of-gold

If this article is true, then next year, the POG should rise.  Even private banks will be hoarding gold.  But such optimism is usually misplaced and Warren Buffett's wisdom should always be considered.  You would hope that some financial role for gold will propel the POG up but it won't be what the article anticipates.

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