Silver Fundamentals Explained
gold's primary function is as money, so a very high price could make the central banks look for an alternative. As far as supply goes, there are many gold mines that are able to ramp up production to meet the higher price, but the vast amount of gold held would be little impacted. So gold would be fairly inelastic, but nothing like silver ,While supply and industrial demand is inelastic, the factor to observe is investment demand. This is essentially what determines the price. Supply and industrial demand doesn't have to change as price moves, merely investment demand.99% of Financal advisors have no clue. They have ZERO education in metals history, fundamentals, or currency cause and effect. The FA to stock up on the US dollar....
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