re: "There are thought to be 100,000 full-time gold farmers in the country, which doesn’t come as a surprise given that the pay is actually better than what they would get for working in a factory."
This is yet another indication (though I grant, one of the strangest) of the absurd wealth disparity that exists between the east the west. Westerners are still so rich that they will essentially throw money away... and the Chinese are still happy to work hard to claim it.
As this occurs, the disparity between thet two levels off - eventually closing. This will happen much sooner than people think, if the reports I read of Chinese growth are to be believed. There will come a day when the movement of money, jobs and technology from the west to the east is no longer worth the effort. By then, the western standard of living will be substantially lower than it is today, and China's will be substantially higher.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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