Gold has reached 1200/ounce and it has all the reasons to go up. The most important one is the lack of trust for the paper money. However, the speed of appreciation has quickened. If you have gold or gold companies, it is time to take some profit. I can see Gold to go up another 5 to 10% quickly then a correction.
China hinted that they want to increase their gold reserve by 200% in 8 to 10 years. But they are very opportunistic. I do not see them to buy at 1200
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