Deutsche Bank Warns Gold Price Should Be Much Higher Based on Central Bank Balance Sheet
Gold could be worth far more than what speculators and traders have determined to be the current spot price. There’s a hidden indicator for the intrinsic price of gold that many investors have ignored. In addition to looking at the cost of mining gold, the level of government debt and total gold production, a major indicator that perceptive investors should pay attention to is central banks’ balance sheets. According to Deutsche Bank’s Michael Hsueh and Grant Sporre, there is a correlation between the rates at... Continue Reading
Category | Economic and Geopolitical News