Commodity Trade Mantra

Posts Tagged ‘Precious Metals Analyst’

China will soon own the Largest Gold Reserves in the World

The US remains the world’s largest gold owner. But for how much longer? There are changes afoot. China is now the world’s largest gold producer. It has held this title since 2007. Not only that, but China is the world’s biggest importer too. Since 2011, China has imported more than 5,000 tonnes. Another 3 years at a similar rate & China will have imported more gold than there is at Fort Knox.

Why One Analyst Believes Gold Prices Could Hit $3,000 an Ounce

We are likely entering a new gold bull market since the previous one concluded in September 2011. Since 1970, we’ve seen five gold bull markets, each one lasting an average 63 months and returning an average 385%, according to the WGC. Dr. Diego Parrilla stated that “a perfect storm for gold is brewing” & predicts gold could rise to $3,000 within the next three years.

Gold and the Debt Ceiling: 2011 Redux?

We do not envisage the gold market to revisit the same euphoria seen during the debt ceiling crisis in mid-2011 – Nonetheless, US debt ceiling concerns would still be viewed as positive for bullion.

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