$US3,500 and $A5,500 POG maybe closer than we think!The last 2 images in my prior post paint a promising picture for further increases in gold.
The increase of flows (ie in metric tonnes) into gold ETFs in 2025 has now passed the increase in central bank buying of gold for each of 2022, 2023 and 2024 on an annualised basis. Central banks increased gold buying by about 550t pa while in the first 3.5 months of 2025 gold ETF inflows are now up 310t or an annualised rate of 1,060t pa - ie close todoublethe increase in central bank buying for the last 3 years.
If this ETF buying keeps going we will end up over $US4,000 sooner than anyone expects and maybe reach $US4,500 which is Goldman Sachs tail target for 2025.
It was ETF, NOT central bank buying, of gold between 2003 and 2011 which sent the POG up from $US250 to over $US1,800. We now have 2 huge buyers of gold - where will POG go in the next few years?
SPR Price at posting:
$2.22 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)