The smartest thing any foreign central bank can do: print money and use it to buy gold.
Poland is buying literally every ounce of gold they can get their hands on and the Polish złoty is one of the strongest fiat currencies of the last twelve months because of how smart they are!
Gold won't fall no matter how many futures contracts get sold by hedge funds or how many shares of GLD get dumped.
This is why the March 28th $192 SPDR Gold Trust (GLD) call option is likely to rise by 728.459%.
This is why Augusta Gold (TSX: G) will rise by a similar percentage by March 28th.
When institutions and retail investors begin buying gold futures and GLD in the upcoming weeks the price will go up... but no matter how much they sell gold can't go down when central banks are buying literally every ounce of gold they can get their hands on and nobody realizes it yet because CNBC makes money selling Crypto!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.