Central bank demand is set to continue as macroeconomic, geopolitical and monetary uncertainty is here to stay and indeed may escalate substantially in the coming months as we move into the next phase of the global debt crisis.
Continuing Chinese gold accumulation has important long-term significance that is not generally acknowledged by many gold analysts and market pundits. China’s private- and official-sector gold purchases are unlikely to be sold back to the world market any time soon.
Forecasters, whether of the economy, or the stock market, or the gold price are frequently wrong . . . but we are never in doubt. It is up to you - the investor - to listen, evaluate, doubt, and make your own decisions about gold's future price.