We have been supportive of buying gold in any kind of the market crashes and our optimism stems from the following facts as enumerated below:
- Central banks across the world are buying gold.
- Columbia and South Africa are hoarding gold like anything as their gold reserves has hit a 50 year high.
- Indian importing banks for gold are out of stock after a sudden rush to buy gold after crash and their import will further support the prices.
- High inflationary environment sees people losing faith in paper currency and going for safe heaven like gold.