2010-09-12kingworldnews.com

A good, relative brief (40 pages, mostly charts) report from Hinde Capital, motivating the (very) bullish case for gold. Particularly striking is the chart on p. 18, giving global central bank gold holdings as a percentage of reserve assets -- despite all the trumpeting of how much gold they've "already" bought, the Eastern central banks that have been buying are still at a very very low level (almost negligible) compared to central banks in the West. That means much more buying is likely in store (meanwhile, Western central banks can't really sell much, because it'd cause confidence in them to plummet, at the worst possible time).


Lijit Search

Comments: Be the first to add a comment

add a comment | go to forum thread