When is gold turning down? I see $5000usd minimum. No way are BRICS countries going to stop their gold purchasing. It is their plan to undermine the USD as the reserve currency. Even Trump knows this and is in desperation mode to stop it. He even called BRICS 'dead' last night lol. Body language tells the story.
Retail gold is running out on online platforms and even western central banks are no longer selling to look after themselves financially, knowing prices are only going to rise. There is a gold squeeze about to take hold and news of this is only starting to trickle into the mainstream news this week. Interesting times and I cannot see any way gold prices can crash, in the next few years anyway imo.
In recent years as we know all too well, gold explorers have struggled to fund their exploration programs and due to this, decent gold deposits, close to production are like needles in a haystack. There is a gold shortage worldwide and the recent BRICS tactics have exposed the physical to paper trail and the market is right now is starting to realise how bad it really is.
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