by Steve St. Angelo, SRSRocco Report:
This gold chart should have Central Banks extremely worried. Why? Because the change in physical gold and Central Bank demand since the first crash of the U.S. and global markets in 2008 is literally off the charts.
I advise precious metals investors not to focus on the short-term gold price movement, rather they should concentrate on the long-term trend changes. This is where the ultimate payoff will be by investing in gold. Now, I say “INVESTING”, in gold because that is what we are doing.
Many analysts such as Jim Rickards don’t believe that gold is an investment. Mr. Rickards looks at gold as money or insurance on the collapse of the U.S. Dollar and fiat monetary system. However, I look at gold as an investment due to the collapse of U.S. and World energy production.
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