For 20 years, I've been telling that don't invest in gold It's not an asset
But, it has become an interesting diversification for investors simply because central bankers are buying gold
The real reason why central bankers are buying gold is primarily to insulate themselves from the dollar risk
or the fiat currency that governments all over the world are printing Not having currency but having gold is actually increasingly playing the role of a currency
that has some intrinsic worth or the potential to be a superior store of value That new demand is actually translating into returns for investors, and that is why I think it will sustain itself