| On the macro front the central banks have been doing a good job of incentivising investors to increase their weightings in commodities, notably holdings in hard assets, with gold being the first and prime beneficiary.
A massive 500 tonnes of gold have been added to ETF holdings this year, and as interest rates around the world sink further into negative territory, investor commodity demand should continue to escalate. If the monetary experiment doesn’t deliver results, fiscal stimulus could begin on a global scale............................................Full Article: Source
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