Gold ownership has been less representative from what is was some 14 years ago. But now with growing sensitivity to bank blowups, the question becomes: is that 0.5% of portfolio Gold ownership to grow?
Despite gold soaring in recent weeks, the majority of speculators’ likely gold-futures buying is still yet to come. And the subsequent far-larger investment buying has barely started.
The Fed is cornered here. How far do you push things? How will the Fed respond to banks breaking? The safe-haven plays (Gold) lost some of its interest here. Gold can go any crazy way..
