Gold Market Forecast by Chief Financial Anaylst Mr. Steven Harrison
Read Jardine Wealth Management's Chief Financial Anaylst Mr. Steven Harrison's views on the current market.
I recommend that you buy your gold at current levels – around $1300 – and ride the wave up to these much higher levels ($4,000-5,000 an ounce) and then evaluate the situation. Be agile. You can't just write a game plan today and follow it step by step. That's ridiculous. You have to be nimble; you have to be following events; you have to be prepared to change your mind based on new news.
But if there's a run on paper currencies (which is entirely possible) and there's borderline hyperinflation (which is entirely probable), they may have to go to a gold standard...Not because they want to, but because they find it vxfng mandatory to pacify the markets.
The demand for gold in China has risen from 200 tonnes in 2001 to over 600 tonnes in 2014. The current demand is about 200 tonnes more than China has free.
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