Remarkably 3 Sources Now Buying Entire World Gold Production
September 9, 2013
Today one of the top CEO’s in the world told King World News that big money and large fund managers are now positioning themselves aggressively in the gold market, and, astonishingly, just 3 sources are now buying the entire annualized world gold production. This interview is tremendous, and it will let KWN readers around the world see the gold market through the eyes of one of the greatest and well-respected veterans in the business. Below is what Sean Boyd, CEO of $5.2 billion Agnico Eagle, had to say.
Eric King: “Sean, where do you see the gold market at this point?”
Boyd: “From a gold price perspective, we still see higher prices. What we are looking at is strong Chinese demand, and we firmly believe that demand will continue to stay strong. Indian demand has also been strong, despite the higher taxes and duties that have been put on gold.
We also expect Indian demand to remain quite robust. Central bank buying will continue to remain firm in our view as well. When you add up just those three components, astonishingly, it’s almost equivalent to the annualized gold production of the entire world….