For investors outside North America, gold has become a separate asset class, Grandich says. One bullish fact in its favor is that central banks are no longer exclusively sellers of gold but potential buyers, as India was a few weeks ago. Even though he expects a short-term correction, “The fact that gold is still either hated, ignored or misunderstood by most, especially in the U.S., makes me believe the long-term end is nowhere in sight.”
Predictions for gold price all over the map: US$2,500, $8,000 or much higher
“Is it too late to buy gold? It’s no longer cheap,” Peter Grandich says – The Wealthy Boomer
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