Central bank purchases for gold rose by 12 percent last year. So who are the smarties? Who is expecting gold to rise, why are they stocking up.
The writing is on the wall. Central banks know major currencies are printing money, central banks store gold as reserve, yes the prediction looks right gold should rise to at least near $1800, that. Is $1650 x 12 percent, even more. This does not include gold physical demand which is high in India and China for jewellery etc.
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last kiss goodbye to the eighties?, page-4
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