This Week’s Golden Nuggets – Central Banks, Goldman, Bank of America Positive On Undervalued Gold
-- Published: Friday, 28 September 2018 | Print | Disqus
Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week.
We released the Goldnomics Podcast and interviewed the ‘Silver Guru’, David Morgan about how silver and gold have been manipulated lower in the short term, are undervalued and will protect and grow wealth in the coming currency collapse.
Gold and silver prices have fallen again this week and this month and sentiment remains very poor. However, the ‘smart money’ is increasingly positive on gold – including central banks such as the People’s Bank of China and Wall Street banks such as Goldman Sachs and Bank of America (see below).
Contrarian investors continue to buy cheap financial insurance and are accumulating gold and silver coins and bars on this price dip. Precious metal prices can go lower in the short term but falls to the downside are likely to be mild while the potential upside is very substantial.
At these depressed prices, canny contrarian investors are adopting the investment adage – buy low and sell high.
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