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Frank.Karl.S
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Gold Price to Surge Over $2,400 Per Ounce – Doubling Asian Demand in “Asian Century” - Mark O'Byrne - gold.ie

The current price of gold doubling in 15 years is a compound rate of about 5%. Hardly ¨soaring¨ and questionably equal to the real rate of inflation. By doubling demand I would expect the price of gold to be affected more. It seems to me that this article is predicting another 15 years of price suppression. Although I think we are unlikely to make 15 years before the great fiat reckoning.

Commented 3324 days ago

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Beginning of the headline :- Gold price set to soar to new records in ‘Asian century’- Gold price to double by 2030: ANZ- Gold to exceed $2,400 per ounce- Gold demand in Asia set to double- “Greater demand from investors and central banks will see gold prices rise materially over the long-term”- “Most of the time you don’t want to pay for it. But if you need it, you’re glad you have it”The price of gold is forecast to double in the next 15 years, and growing wealth across Asia, particularly in China and India, will lead t... Read More

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