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Gold Continues Its March Higher. Can The Precious Metal Keep The Momentum Going

Gold Continues Its March Higher. Can The Precious Metal Keep The Momentum Going


investmentwatchblog.com / by Umar Farooq / FEBRUARY 16, 2017

Hedge funds longs in gold, gold ETFs, gold futures, and the gold miners have suddenly shot up to new all-time highs. If it turns out that the new administration policies do well, inflation will rocket, sending gold through the roof.

“Worried about new supply quickly coming on stream and killing the rally? It can take 10 years to get a new mine stated from scratch by the time you include capital raising, permits, infrastructure construction, logistics, and bribes. It turns out that the brightest prospects for new gold mines are all in some of the world’s most inaccessible, inhospitable, and expensive places. That’s the great thing about commodities. You can’t just turn on a printing press and create more, as you can with stocks and bonds. In short, there is not a lot to spread around.” seeking alpha

The potential threat of destruction, restructuring, or renegotiation of the EU and the single market makes gold an attractive asset that investors will seek out to provide safety in this time of uncertainty.

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