by Daily Bell Staff
The Daily Bell
Central banks are loading up on gold … This has been a great year for gold. The precious metal is up 19%, and recently crossed $1,300 per ounce for the first time in 15 months before pulling back into the $1,265 area. – Yahoo, Business Insider
Yesterday, we wrote about two simple, powerful factors boosting gold.
First, the equity “bull” market is at least seven years old now and can’t be counted on much longer.
Second, the amount of money printed by central banks around the world is reportedly approaching or exceeding $100 trillion – with no real letup predicted.
Thus the world’s liquidity is sure to continue the process of currency debasement. As currencies become worth less, savers and investors consider assets worth more.