by Tim Smith
Daily Pfennig
There are a lot of reasons to consider owning gold today – a topsy-turvy stock market, the threat of deflation and/or recession, and negative interest rates in many parts of the world. These are some of the reasons gold has posted such a strong start to the year.
But, there’s another potential driver for gold that most investors have overlooked – or are completely unaware of – that could light a fire under the yellow metal’s price. It’s a matter of how much money is available to buy gold, compared to how small the gold industry is.
It really is a David and Goliath thing…