Originally Posted by
Daytr
I trade gold quite regularly. Currently I have a small short position that I only entered yesterday after it broke through 2000.
I trade ETFS.
I specialized mostly in gold trading when in banking and saw all sorts of reasons driving the gold price, supply & demand etc.
A significant amount of activity is driven by gold miners, cultural demand, jewelry, electronics, investment I.e put in a vault or ETF or futures investing and trading.
The evolution of ETFs was a big driver of gold appreciation in the last 15 years or so, but so to the cost of production driven by costs but also due to the average grade being mined has reduced considerably.