THE CASE FOR GOLD IS INCONTROVERTIBLE
As Eastern and Southern Central Banks substantially increase their gold holdings, Western Central Banks will most probably have little physical gold in their coffers.
Total global gold reserves allegedly held by central banks (37,000 tonnes) are valued at $3.1 trillion at the current market price of $2,700.
That value is absurd when one US company – Microsoft – has the same valuation. Just think about it: Microsoft is as big as the gold backing of the global financial system.
Furthermore, Western central banks have most probably hypothecated and re-hypothecated (lent, leased) their gold several times via bullion banks. That gold will never come back.
Consequently, CBs is heavily short on gold and will be badly squeezed as the gold market becomes disorderly.
The combination of Eastern/Southern Central Bank gold buying and all CBs replacing their dollar reserves with gold will lead to unprecedented demand for gold for many years. More gold cannot satisfy this demand since the current gold mine production of around 3,000 tonnes cannot be increased.
Thus, the substantial increase in physical gold demand can only be satisfied by much, much higher prices.
This is why gold will rise by multiples.
Full article here: vongreyerz.gold
