β‘οΈπ¨ ALERT - Gold the phenomenon is accelerating, it took :
β 38 years to reach $1000
β 12 years to reach $2000
β 4 years to reach $3000
So where does this sudden strength in gold come from? Several factors explain this growth:
π° Massive purchases by central banks: 80 tonnes/month (vs. 17t before 2022)
π¨π³ China authorizing its insurers to invest 1% of their assets in gold (400 potential tonnes)
π Protection against the US recession
In any case, premiums in Shanghai are at their highest level for 9 months, a sign of exceptional demand.
As a reminder: Goldman Sachs, UBS and JPMorgan are forecasting gold at $4,500 an ounce by the end of 2025!
