The price of gold is supported by a number of factors which should tend to underpin rising gold prices over the longer term.
The reasons for a long term bullish view on gold, as explained in the article: "Twelve bullish factors driving gold to $2,000 and higher despite recent setback", include:
Central bank demand for gold has come from China, Russia, India, South Korea, Saudi Arabia, Thailand, Mexico, Bolivia, Colombia, Venezuela, Bangladesh and Mauritius.
I acknowledge Jeffrey Nichols for his article.
The reasons for a long term bullish view on gold, as explained in the article: "Twelve bullish factors driving gold to $2,000 and higher despite recent setback", include:
- the US low interest rate policy;
- US fiscal disarray, and excessive US debt;
- the expected depreciation of the US dollar;
- the disintegration of the European monetary union;
- increasing affluence of emerging economies;
- emerging nations' central bank diversification into gold;
- gold's increasing status as an investment;
- long term gold exchange traded fund (ETF) accumulation; and
- limited gold mine production.
Central bank demand for gold has come from China, Russia, India, South Korea, Saudi Arabia, Thailand, Mexico, Bolivia, Colombia, Venezuela, Bangladesh and Mauritius.
I acknowledge Jeffrey Nichols for his article.
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