The respected British magazine The Economist explained the reasons behind the Central Banks buying record amounts of gold- which is contributing to the rising POG.
The Economist said
"In the long run, it [gold] is seen as a store of value, & not tied to any individual economy, seems immune to political & financial turmoil".
The Economist reinforces gold's traditional status as a store of value, & a safe haven; & exposes the falsity of crypto claiming it is a genuine & safe store of value, & that crypto will, eventually, usurp gold's status.
2. Legendary resources investor Rick Rule, on 17.11.22, predicted, with reasoning. that gold will be the outstanding resources performer in 2023.
s.t.o.c.k.h.e.a.d- then google below https://unauthorised investment advice/experts/rick-rule-says-gold-is-the-play-in-2023-here-are-3-of-his-favourite-asx-stocks/#:~:text=That%20saw%20costs%20finish%20slightly,25%2D30%2C000oz%20per%20quarter.
(See also video attached, for full details of Rule's analysis, of gold's outperformance in 2023)
GBZ Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
