from SRS Rocco:
There seems to be no shortage of conflicting analysis on the future of the gold market. Some analysts believe gold will head lower towards $1,100, while others see the yellow metal moving higher towards the $1,500 level. In all actuality, these short-term forecasts are meaningless as they fail to understand the coming big change in gold investing.
Up until the past 40+ years, gold has been used as money by the majority of advanced societies. After Nixon dropped the convertibility of the dollar for gold in August of 1971, gold began trading in the futures market at the NYMEX in 1975. Since then, the price of gold has been valued relative to its fabrication and investment supply and demand forces.
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