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New Member
Thailand
20 Posts
 Posted 09/08/2013  4:29 pm  Show Profile   Bookmark this reply Add rambler to your friends list Get a Link to this Reply
I agree with you Joe, if you are a farmer in a rural area with limited income and just scraping by, and you move to the city for a job prospect that means steady, liveable income- gold is going to be on your mind!

This is a great article about gold flowing into developed markets like those in Asia, but also places like Poland and Turkey who have thriving middle classes-

http://www.ibtimes.com/turbulence-c...ises-1401307

There is the physical demand for gold but also there are nightmare scenarios on the horizon with currency crises that will continue to drive demand. One of the most telling quotes in the article is this one:

"The first vital fact to accept if we are to understand future developments in the world is that the US consumer is no longer the primary driver of world economic growth. We have in the past quoted the ex-head of the World Bank, Mr. Wolfenson, who said,

'In the past 80% of global income went to the developed world's 20% of global population. By 2020 (if not before) 65% of global cash flow will go to the emerging world and 35% to the developed world.'"
Valued Member
miggs's Avatar
Canada
281 Posts
 Posted 09/12/2013  8:25 pm  Show Profile   Bookmark this reply Add miggs to your friends list Get a Link to this Reply
@rambler
You procured yourself some really nice bars
But my post is really about your "the land of smiles"
picture, the nicest one. You took that with a fisheye
lens if I'm not mistaken but which one? Nikon or Canon?
New Member
Thailand
20 Posts
 Posted 09/13/2013  02:51 am  Show Profile   Bookmark this reply Add rambler to your friends list Get a Link to this Reply
Miggs I would love to take credit for that photo but it is not mine! The pics on the thread are mostly from google image searches. Glad you like the bars though, I can't wait to buy another one!
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