We've been writing about this for months, but with so many generalists still pushing the opinion that gold only moves as an inverse to the U.S. dollar, it's time to write about it again.
Simply put, as I predicted several years ago, gold (and silver) are becoming accepted as a major asset class for wealth building. Institutional money managers are first to embrace this new paradigm, but it won’t be long before Western retail investors accept it too.
The Swiss population owns 920 tonnes in private gold, next to 1,040 tonnes in official gold reserves. In total, Switzerland likely has the highest amount of gold per capita in the world.
I’m also expecting a strong report from Franco-Nevada. The world’s largest gold royalty company is up more than 83 percent for the 12-month period, beating gold producers and the price of the yellow metal.
Lots of Central Banks this week with updates. Gold's gold chart shows $2,009+ price Record overnight into Monday: