Why Gold Is Worth More Than The Spot Price?
There’s a general correlation between fluctuations in the spot price of gold &
- the rate at which certain countries’ central banks expand their reserves of the metal.
- The two are usually roughly equivalent in value.
However, the world’s 4 largest central banks:
1. the U.S. Federal Reserve
2. the European Central Bank
3. the Bank of Japan, and
4. the People’s Bank of China
have expanded their gold reserves by 300% since 2005
- yet the price of gold hasn’t kept pace
- In fact, it’s even gone down in value slightly in recent weeks
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