Things must be bad, if even the slow learners at the Australian Future fund, are now buying gold, even if it is in ETF form.
https://www.ainsliebullion.com.au/gold-silver-bullion-news/australian-sovereign-wealth-fund-is-now-extremely-bullish-on-gold/tabid/88/a/2985/default.aspx
Imagine where Australia would be now, if it had been mandated, many decades ago, that Australia must buy perhaps 10% of its own gold production, as part of its sovereign investments!
The good sailing winds for gold, are strengthening!
Good sailing winds for Goldies, page-5
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