It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever.
ANALYST: Central Banks Are Set to Pile Into Gold
http://www.businessinsider.com/central-banks-to-increase-gold-buying-2016-7
High gold prices haven’t prevented the official sector from increasing
their gold reserves in the past. What’s more, according to a Fitch
Ratings report, the level of negative-yielding global debt has risen to
almost $12 trillion in July, a 12.5% increase since the end of May as
the economic and political uncertainty following the UK’s vote to leave
the European Union (“Brexit”) has boosted demand for safe havens. With
rates having turned negative in most of Europe and Japan and likely to
remain so for some time on "Brexit" woes, the opportunity cost of
holding gold has all but disappeared...
In particular, we expect central banks from developing economies to be
the main source of demand from the official sector in the future,
No comments:
Post a Comment