Gold is Back
Forbes Indonesia May 2019
Following the massive gold repatriations mentioned in William Gray's Forbes 2018 article, we are now witnessing another change; Central banks have altered how and they store gold and are buying bullion at highest rate since 1971.
Hungary made the largest individual purchase of gold in 2018, incredibly increasing there reserves tenfold. China also confirmed that they added to reserves in 2018. It has almost gone unreported that investment demand for gold bullion has increased on average 15% per year since 2001.
This underpins gold value and could easily lead to further upside. Besides being a safe haven, what else is driving investment into gold? Precious metals expert William Gray discusses these issues and provides commentary on how gold now provides excellent diversification and wealth protection for an investors portfolio.
Read the full article here
|