The Case for #Gold. It’s Simply Math, says John Hathaway of Sprott
Great piece from John Hathaway of Sprott
Gold, The Simple Math
The current pullback in the precious metals sector is a buying opportunity. Since trading at a closing high of $2,064 an… bit.ly/3dweUJz
Great piece from John Hathaway of Sprott
Gold, The Simple Math
The current pullback in the precious metals sector is a buying opportunity. Since trading at a closing high of $2,064 an… bit.ly/3dweUJz
In simple mathematical terms, the #gold market could not clear at current prices if 1% of the $100TRILLION or so of institutional assets under management #AUM were to move into the physical metal. Record YTD inflows into gold-backed #ETFs have exceeded any previous year 1/…
In dollar terms, this amounts to a paltry $51.2 BILLION requiring the acquisition of 936.2 TONNES of GOLD. By contrast, a $1 TRILLION inflow into gold bullion WOULD REQUIRE 18,000-19,000 TONNES, = ~SIX YEARS of ANNUAL WORLD GOLD PRODUCTION. 2/…
If asset managers want to make this shift in allocation, they would require a bullion price of $5,000-$10,000 an ounce to get the #Gold. mastermetalsblog.blogspot.com/2020/10/the-ca…
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