RE: Gold AOTH…4 Jun 2023 21:40
Or you could say that the POG is too high as it is being driven by Central Bank buying by countries that have debt problems.
Would you be an investor in Russia, Turkey, India, or China? If they have been driving prices up, what happens when they stop buying and then become sellers? If that were to happen, and it were to coincide with more production coming on stream, then prices could collapse.