As gold passes $2500/oz. reaching all-time highs, everyone wonders, will the rally continue?
The short and long of it is, Yes.
It's financial demand that will be the main driver:
Gold is under-owned. US households need a hedge from their extreme equity exposure. Given the fiscal outlook—no matter who wins the presidency—, they rightly don't trust bonds. The relatively small and slow-growing amount of gold available, means any small investor shift is likely to move the price a lot.
Even the longtime skeptics at the FT reluctantly agree:
No comments:
Post a Comment
Commented on MasterMetals