UBG - Individuals Not Banks Will Support Gold In 2020

One of the biggest arguments for gold bulls in the last couple of years has been the steady and substantial increase in gold purchases from sovereign entities. I'm referring of course to the buying binge that several of the world's central banks embarked on in 2018 to 2019. There are signs, however, that the ardor of these banks toward gold is cooling, and this has led many investors to worry that gold is losing a major long-term support. As I'll show here, though, this likely won't be the case as individual investors will step up

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