Stop it! Listen to great investors of yesteryear. They have decades of investing experience and as we all know, past performance is a reliable indicator of future performance, right?
They are both in their eighties -- don't forget, people only get sharper and more open-minded as time goes on, right?
The world that they knew equals the world we all live in today, right?
Sincerely,
Canned Goods
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Gold Demand for ETFs (paper gold) and Physical Gold. I guess people have realized that electronic claims to gold might not mean that there is actual physical gold at the other end of the trade:
Helpful image for the upcoming charts:
The world we live in today:
World Population in 2012 is >7 billion:
Source: http://www.gold.org/investment/research/regular_reports/gold_demand_trends/
Source: http://www.gold.org/about_us/what_we_do/
Source: http://www.chrismartenson.com/crashcourse/chapter-3-exponential-growth
Source: http://en.wikipedia.org/wiki/World_population
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