Metals research firm says investors will hoard gold in record amounts in 2021
Repost from 10-24-2020
“Demand for gold from jewellers and central banks will remain sharply lower in 2021 than before coronavirus, but investors will keep prices high by stockpiling record amounts of bullion, Refinitiv Metals Research said.”
USAGOLD note: As the saying goes, there is no rush like a gold rush and Refinitive thinks one is brewing for 2021. It sees investor demand for coins and bars swinging from a 6% decline in 2020 to a 13% gain in 2021. And if a blue wave rolls into Washington DC that 13% predicted increase might be seen as modest. Refinitiv is one of the top research firms in the field of precious metals.