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Gold price, page-119

  1. MTV
    1,751 Posts.
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    "I see gold continuing its bull run over several years..."

    There seems to be strong momentum at present. I don't pretend to understand what is really driving it, beyond reported buying by China's central bank. The question is, what is their thinking behind that decision? I don't see the current global geopolitical and economic uncertainties as providing a satisfying explanation because there has been considerable uncertainty for decades, so why now.

    My feeling (and that is all it is) is that the rising gold price is fundamentally just a consequence of money printing. The liquidity has to find a place to go. For a long time that place has been the property market, but right now it is Gold and Crypto.

    All IMO.

    Last edited by MTV: 10/05/24
 
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