"Most Central Bank Gold Buying Is Unreported": In Stunning New Report, Goldman Sees "Significantly Higher" Gold Prices

Source: https://www.zerohedge.com/commodities/most-central-bank-gold-buying-unreported-stunning-new-report-goldman-expects
Published: May 10, 2024
Author: Tyler Durden
Post Date: 2024-05-10 19:19:51 by Horse
Views: 273

"We show that central banks drive the increase in gold demand since mid-2022, and that new geopolitical or financial shocks may push gold prices significantly higher." - Goldman

Poster Comment:

This makes sense as announcing the purchase of 20 tons of gold will allow everyone to front run your purchase making you to pay more. This article is behind their paywall.

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#1: Horse    To: All (#0)

"The whole aim of practical politics is to keep the populace alarmed and hence, clamorous to be led to safety - by menacing it with an endless series of hobgoblins, all of them imaginary" -- H.L. Mencken

Horse posted on 2024-05-10 19:25:42   Reply   Private Reply

#2: DWornock    To: Horse (#0)

20 tons is only one tenth of one percent of the gold owned by humans. That has almost no effect of the price of gold.

DWornock posted on 2024-05-11 02:23:34   Reply   Private Reply