usa moved away from the gold standard in 1971 and since then gold prices have been suppressed …(please don’t ask by whom .. you are smart enough to know the answer to this question )
most central banks are now increasing the exposure to gold – buying gold in large quantities and reducing their exposure to us treasuries and the us dollar
serbia , poland , russia , turkey , hungary , india among other countries are moving into gold and away from us dollars – is it the beginning of the end of us dollar as the world’s reserve currency ?
here is the link to the article
india has also introduced a gold bond – the sovereign gold bonds … you can get the returns of gold as well as an additional 2.5 % return on it – and no jewelry making charges , worries about getting stolen , storage charges (safety deposit boxes) – it is gold in the demat formAdd to favorites