The bullion price will rise to rise to meet ‘peak’ gold next year
By GCRU Gold News on Friday, October 10 2014, 21:40 - Permalink
CANADA’S Goldcorp — the world’s biggest gold producer by market value — has renewed its prediction that “peak’’ gold will arrive next year, setting the scene for the bullion price to rise significantly over the next five to 10 years.
He said while investment demand for gold had been hit with the flight to equities in the past two years, China’s cultural affinity for the precious metal, the rising wealth of its population and the need for asset diversification away from the US dollar meant the supply/demand fundamentals were “very strong’’ with the coming of peak gold.
The bullion price will rise to rise to meet ‘peak’ gold next year