Recently the dollar gold price aggressively broke a multiyear resistance level on the back of escalating wars, worrying asset bubbles, and sticky inflation. Long term indicators show gold is undervalued under these circumstances and can easily double in price over the coming years.
And I would like to know your opinion about silver. Because, as you mentioned in the post itself, silver also played an important monetary role in the past, some analysts believe silver is going to appreciate and enter a bull cycle as well.
I believe the Chinese central bank buying gold in 1960s was Central Bank of the Republic of China (Taiwan's official name), formerly known as Central Bank of China from 1924-2007, while the Chinese central bank buying gold in 1990s was People’s Bank of China (PBOC), central bank for mainland China or People's Republic of China. Those are two different entities.
Thank you Jan, great post.
And I would like to know your opinion about silver. Because, as you mentioned in the post itself, silver also played an important monetary role in the past, some analysts believe silver is going to appreciate and enter a bull cycle as well.
Could you possibly share your stand?
Thanks in advance
Imo silver follows gold
Brilliant post, thanks a lot 👏👏.
I believe the Chinese central bank buying gold in 1960s was Central Bank of the Republic of China (Taiwan's official name), formerly known as Central Bank of China from 1924-2007, while the Chinese central bank buying gold in 1990s was People’s Bank of China (PBOC), central bank for mainland China or People's Republic of China. Those are two different entities.