ML-Implode News - Gold's secular bull market: Past Present & Future

The public participation phase began in 2006 and it is the stage in which gold finds itself today. According to Investopedia, the public participation stage is characterized by good news and strong supporting data, and is the longest lasting of three phases. Since 2006, investment demand has risen steadily with annoucements throughout the period of new hedge fund and institutional interest as well as very strong private investor demand in the form of coins and bullion.
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When one considers what might propel gold to the ultimate mania phase of its secular bull market, central bank and institutional fund demand come up as the primary candidates and for good reason. At present, according to a study by Sprott Asset Management, gold comprises just .7% of global financial assets, compared to 5% in 1968 and 3% in 1980. Such statistics suggest that there is plenty of room for upside as the percentages return to the historical average.

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Gold's secular bull market: Past Present & Future