Gold: This Institution Is Buying 42% More of It!

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Written by Mike Hammer

Central bankers are apparently hot for gold.  Very, very hot.  As in buying 42% more gold in 2018 than in 2017. We talk a lot about how gold is historically “the” safe haven asset — despite periodic claims by new challengers such as Bitcoin.

But so far, for all of history, when the stuff hits the fan people fall back on gold (and silver, which is another topic).

There’s another saying in investing that usually works out well – follow the smart money.  Well, one would hope central bankers are smart, and they sure control a lot of money.  So if they’re buying up gold it might just be worth checking out, yes?  Today’s featured article talks a bit more about all this.  What do you think – Is gold still the ultimate safe haven?

Let us know in the Comments below.

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About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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