The who in who is buying gold now.
Central banks not dialed in to the algorithms of large scale Wall St firms that make up near 70% of institutional investors are moving into gold now, picking up the gold buying pace adding to their previous reserves .
The trickle of mainstream investors not tethered to the gold bias that make up the other 30+% of investors becoming wise to the rising gold bull - aside from the central banks, may soon become a flood of buyers coming from that group soon enough as well..
Central banks have been picking up the pace from before selling their dollars and buying gold of late.
Is this not indicative of where the dollar is bound and headed ?
The US Fed is stuck between a rock and a hard place with $12 trillion rolling off the books this year with few buyers but more sellers of that debt about to give them fits.
That alongside a banking crises ready to rear up again in this election year has global investors in US treasuries dumping dollars in anticipation of a steep dollar slide, as the Fed is about to crank up the printing presses once again exploding the national debt skyward..
The chickens in the form of trillions of dollars are about to come home to roost adding rocket fuel to inflation and inflationary pressures in the coming year.
Pressure is being shifted on to the dollar from the anticipated slide.
Central banks are getting out now, selling dollars with gold picking up the pace globally.
Numerous countries are stepping up preparations for new gold backed trading instruments as the dollar is much anticipated to steadily weaken.