Who is buying gold?
Who is buying gold? South Korea just bought 25 tonnes of gold to diversify its holdings.
When analysts start talking about gold bubbles, I like to step back and take a look at what some of the most conservative gold investors are doing. Sure, individual investors can get carried away with a bull market in gold, and keep buying. But really conservative investors are not so easily swayed by “what’s hot”. …
Owning gold, Central Banks, and ships in stormy weather.
First, what are “central banks”? According to Wikipedia: “A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries. In contrast to a commercial …
Who is buying gold? The Chinese are. And I’m not talking about the Chinese government.
As with any other commodity, the price of gold rises and falls according to supply and demand. And if you want to see where the demand is right now, look no further than the 1,336,718,000 inhabitants of China. Yes, that’s about one and a third billion people. According to the head of the country’s …
John Paulson predicts gold prices will go as high as $4,000 an ounce
Who is John Paulson? He is the founder and president of Paulson & Company. He made billion of dollars for his hedge fund by betting against the U.S. housing market. Some of his key investments were shorts against U.S. and European banks with exposure to toxic mortgages. He had had successes before that. But …
Who is buying gold? The Central Bank of Mexico.
The Banco de Mexico bought 93.3 tonnes of gold bullion in February and March, according to data released by the International Monetary Fund. It had previously held 6.9 tonnes. “We want to get the best risk-return balance in our investments,” Said Agustin Carstens, governor of Bank de Mexico. “Given the performance gold has had …