GOLD WILL SOON SOAR…Maybe!

The world’s major central banks, which hold more than 15% of above-ground gold, are expected to reduce their sales or lending of their bullion reserves this year, potentially restricting supplies and putting a floor under gold prices.

It seems to me that the banks suddenly realize they cannot trash the price of gold so now they are looking to hang onto it. I guess they realize that the toilet paper they now hold, which passes as money, isn’t worth a wipe!

However, keep in mind this could be a ruse to suck in a lot of people and then trash gold. It is not in the best interest of bankers to make gold more valuable.  If anything, they want it to look bad.