Originally Posted by Tombstone RJ
Its the whole "Cash For Gold" scam. It's totally screwing everyone. Flooding the market with recycled gold.
I say invest in pyrite... be ahead of the curve.
National Geographic did a great piece on gold about a yr ago. According to them most of the gold ever mined still in existence. Like you said it gets recycled.
Over 80% of the demand for gold is still for Jewelry not investment to hold onto.
And even though people think there is a lot of gold, you could only fill a couple olympic sized swimming pools with all the gold that has ever been mined.