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主题:【原创】顽强的阻击 -- 大众河蟹

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家园 Why Copper might be better than Gold

The industrial demand for copper is real and growing fast. Other than jewelry, gold is mainly a monetary commodity and there is really not not much use of gold. Unlike copper which get deleted when being used, gold digged out 1000 years ago is still good.You mentioned that central banks could buy more gold for their reserves. But you forgot to mention that central banks are constantly selling gold from their reserves.As a competitor to paper money, it is not a surprise that central bankers love to see gold price lower.

Don't get me wrong. I agree GOLD is also in a bull market and will probably go to 800 ultimately. However based on supply/demand, I think copper might have a better performance than gold.

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