MWP seeks to explore the global macro environment for investing in order to seek the best place to preserve and create wealth at a time of global deleveraging.
Wednesday, May 8, 2013
Visualizing Gold Bifurcation
bi·fur·ca·tion
/ˌbīfərˈkāSHən/
Noun
Division into two branches or parts.
A thing divided in this way or either of the branches.
And this is what it looks like:
Even while the price of gold has bounced back, holdings of GLD is falling.
Why?
Paper gold demand is falling while physical gold demand is rising.
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