The "delay" may work in shareholders favour if the latest predictions of the gold trend are true:
https://kingworldnews.com/greyerz-golds-final-correction-as-governments-and-central-banks-fail-to-save-the-world/Gold is going through a final correction that could last a few weeks. But the downside is very limited and once the correction has finished, we will see gold penetrate the Maginot Line at $1,350 and quickly go to $1,600. It is also possible that we will see a new gold high (in dollars) above $1,920 in 2019. Remember that gold has already made new all-time highs in many currencies, so we will not see strong resistance at $1,920.
As always, investors should not follow the West, which officially sold a major part of its gold until 2000. Since then, they have most probably either covertly sold or leased most of its gold to the wise people in the East. And that gold will never come back to the West.
China, India, Russia, and Turkey, understand the Golden Rule: “Whoever has the gold makes the rules.” They know that owning physical gold is the best protection against a bankrupt financial system and a failing world economy. That is why they are continuing to accumulate gold:
Looking at the chart above, these four Eastern countries have, since 2005, accumulated 34,000 tonnes of gold. This is the majority of global mine production. They know that gold is the ultimate protection against a rotten currency system and a failing world economy.
So who to follow? The foolish West or the wisdom of the East? Not a difficult choice...
