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Off The Cuff: Central Banks Are Net Buyers Of Gold

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By Adam Taggart
Thursday, October 24th, 2019

Off The Cuff: Central Banks Are Net Buyers Of Gold

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By Adam Taggart on
Thursday, October 24th, 2019
1

In this week’s Off The Cuff podcast, Chris and Jeff Clark discuss: Central banks are now net buyers of gold China and India are buying like crazy Why the gold’s prospects haven’t been this good since 2003 Why silver remains the even better bargain at today’s prices Several years ago, Grant Williams famously explained bullion’s lackluster price action was because “nobody cares” about gold. How times have changed. Gold is back at $1,500/oz and appears to be consolidating in preparation of another move higher. As Jeff Clark tells us in this week’s podcast, suddenly EVERYONE seems to care about gold:

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If you just ask Google the amount of Chinese gold reserves you get a number 1,936T(3Q) up from 1,926T(2Q).  If they in fact they mine 400T/yr and ...
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