Central bank gold purchases quarterly since 2009 … A metals supply crunch is coming

Bank of America Lifts Gold Forecast by 10PC to $US2200 an Ounce

As the peak for interest rates comes into view, Bank of America is forecasting that the price of gold will rise to $US2200 an ounce in the fourth quarter. It previously had gold at $US2000 in the December quarter.

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Reasons Why a Metals Supply Crunch Is Coming

Industrial metals are universally viewed as the backbone of the modern economy. Whether it’s the buildings we live in, the cars we drive, or the mobile device we’re browsing with, virtually everything we see or consume is made of some type of metal.

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