Gold is doing something it's only done twice in the past decade
By GCRU Gold News on Tuesday, August 30 2016, 02:53 - Permalink
“Over the same period 2005 till now as the aggregate central bank balance sheet expanded by 300%, global above ground stocks grew by 19% in tonnage terms or c.200% in value terms. If we were to assume that the value of gold should appreciate to keep the overall value of the big four aggregate balance sheet equivalent to that of the value of the above ground gold stocks, then gold should be trading closer to USD1,700/oz.”