Machine Learning

why are banks investing in gold efts

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Synopsis

it has more to do with gold being "pushed out of the market" by the fed: gold's monetary function is now performed by fiat and the price is suppressed to reflect this i think the banks are thinking long term and positioning themselves to take advantage of a future price move up Well, that storm is gathering strength and gold will rise—but not in a straight line. gold’s price will gyrate depending on whether tensions in the Ukraine escalate or de-escalate. Investor demand for gold eft is predicted to reach 600 tonnes with an upward reach of 750 tonnes. China and turkey and Brazil and India are buying gold in a strategy to diversify. The retail and central bank and private investors are buying gold efts creating the perfect storm. Gold target is $2500. Quote But unlike Iraq, Syria, Libya or even Afghanistan (where US doubling down has been an epic failure), the great minds of the West decided to play chicken with a nuclear power, which, well complicates things, no? Given that conventional proxy wars ar