WGC – Gold outlook 2020
Chart courtesy of the World Gold Council
Chart note: The chart above shows gold’s ranking among top investment choices in 2019. As for the future, “gold,” says the World Gold Council, “has historically performed well in the 12 to 24 month period following policy shifts from tightening to ‘on-hold’ or ‘easing’ – the environment in which we currently find ourselves. And, historically, when real rates have been negative, gold’s average monthly returns have been twice as high as the long-term average.” The full report (linked above) focuses on key gold demand drivers for 2020 – financial uncertainty and lower interest rates, weakening in global economic growth and gold price volatility.
(Kitco reported yesterday that Germany was largely responsible for strong gold coin demand experienced by the Perth Mint in 2019 based on investor concerns of a weakening economy.)
Repost from 1-17-2020