biggest net buyers of gold atm is China and India. I hypothesise...

biggest net buyers of gold atm is China and India. I hypothesise that they will continue to buy (and buy and buy).

Additionally you have China wishing to firm up their balance sheet and replace US fiat with real money ( not Bitcoin ). They will continue to do this as they need to supply credit to their banking system (Ie if you like - shore up their banking systems) and release liquidity to the banks which frankly risk insolvency due to the real estate debarcle. Also, China want additional security in case the USA pulls a trick like they did with Russia.
I say this just due to the ambitions we know China has with regards to bringing Taiwan into the fold.

So in summary - if central banks (outside USA) continue buying - gold is going one way only. This coupled with QE policy and M2 increase in the USA will be the nitroglycerin poured onto the camp fire.