Need to Know – Gold/Silver DestinationAs investors our need to exercise prudence is quite evident with so many contradictory statements regarding supply/demand of Gold and Silver. With Central Banks telling us Gold is best used as a doorstop*; to metal experts telling us we could rise from bed tomorrow morning and find Gold is suddenly trading at $10,000 an ounce; IMO, it’s imperative that we stay abreast of the news and information presented to us – Knowledge is power.
You may find the article below worthy of your time.
Shanghai settles 96% of gold trades in physical metal Absorbs 90% of global gold mine production https://www.usagold.com/publications/NewsViewsJuly2016.html *A quick search on the web will tell you, “Central Banks are buying said doorstops.”