The old adage has it that the market usually goes against what the majority expect, and right now the majority think gold bullion prices are headed lower.
The gold bullion price chart below shows the long-term trend in gold bullion is still intact. Since 2001, the precious metal’s price has marched higher.
The gold bullion price chart below shows the long-term trend in gold bullion is still intact. Since 2001, the precious metal’s price has marched higher.
Why have central banks been continuously buying more gold? My speculation is that they realize the fiat currency will eventually be problematic, with so much of it being created out of thin air these days.
Getting into gold-related investments when the metal fell to $1,200 an ounce will one day be looked upon as the smartest buying opportunity of this decade.
