22.09.2016 - Emerging markets hold key to gold’s renaissance
Central bank decisions on gold holdings will shape yellow metal’s long-term outlook. The rebuilding of central bank gold reserves since the financial crisis in 2008 marks the latest phase in a two centuries-long cycle of changing policies on the yellow metal, which fall into seven distinct periods or ages. The Seven Ages of Gold have each lasted an average of around 30 years. And the current, “Rebuilding” period is the longest protracted spell of gold accruals since 1950 to 1965, when central banks and Treasuries acquired a net total of more than 7,000 tonnes during the economic recovery after the second world war...........................................Full Article: Source
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