From S.Head on 24th Dec
Gold Digger: Investors take note — gold prices always bounce hard in January
For goldies, 2020 was a year when good news was rewarded, and great news celebrated.The precious metal has gained about 22 per cent year-to-datedespite treading water since mid-August.
And there’s a strong chance 2021 will start off with a bang.
No one really knows why, but the gold price has increased every January for the last nine years running.
That’s good to know. But there are actually far better reasons to buy and hold gold than betting on whether the metal will make it 10 out of 10 in January 2021,says Bullionvault research director Adrian Ash.
“With government deficits surging worldwide as central banks squash interest down to and below zero, the case for owning a little indestructible rarity could hardly be clearer.”
Merry Christmas and a Happy New Year
Should get a good lead up into the Metal Ox.....
