Loading ...Putting It All Together…
When you take a step back and look at the big picture, the implications for gold are clear:
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Basel III moves gold toward officially being money again.
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Central banks are buying record amounts of gold.
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Excessive U.S. sanctions have pushed countries to use gold.
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China’s “Golden Alternative” allows for large-scale, oil-for-gold trades.
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The Fed’s dramatic reversal and the return of easy money bode well for gold’s strength against the dollar.
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The takeover frenzy in the gold mining industry is bullish for the price of gold.
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President Trump favors returning to the gold standard and is stacking the Fed with pro-gold people.
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The Democrats’ embrace of socialism guarantees more currency debasement.
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Gold-backed cryptos make owning and using gold easier than ever.
Any one of these catalysts alone would be great news for gold.
But the fact they are all converging at the same time means an epic gold bull market is on the menu for 2019. And the time to get positioned is now…
https://www.zerohedge.com/news/2019-06-19/8-reasons-huge-gold-mania-about-begin