As gov prints more paper gold is gaining new buyers pension funds have trillions to invest 1 2% will move gold to 2000/oz Kitco News) -- Gold could get a further boost if pension funds begin to diversify into the metal, as some speculated at the LBMA conference in Berlin, says GoldCore. “This trend looks set to continue and is significant as pension-fund assets are very large versus the small market that is gold,” GoldCore says. “The entire global gold supply is worth less than $200 billion a year while the largest 300 pension funds collectively hold about $6 trillion in assets. Therefore, even a small allocation of 3% to 5% to gold would contribute to higher prices….”
Yikes !!!!!!!!!!!!!!!!! At some point we are going to trigger stop losses at major financials institutions who are short gold and could result in parabolic rise in gold this has NOT HAPPENED YET ! Just because you see 1300 gold it hasbeen very gradual rise from 1200 which is only 10% move think about this apple went up 6% last week and google went up 8% and no one thinks anythign of this move in 11 WEEK ! but let gold go up 2% or 30 dollars and everyone says parabolic ! If you don't understand math don't be a shorter of gold he biggest moves are ahead !