Gold to remain in demand medium to long term - CommerzbankSubmitted by jrd3820 on Fri, 04/05/2013 - 18:27
Author: Lawrence Williams
Posted: Friday , 05 Apr 2013
LONDON (Mineweb) -
Expansionary monetary policies are not easing but accelerating worldwide, thus destroying the value of money leaving gold as the prime store of wealth in the medium to long term.
Citing the expansionary monetary policy being followed by most Central Banks, Japan’s policy becoming significantly more so following recent announcements, and the Mario Draghi statement yesterday which emphasised the downside risks to the Eurozone economy and implied further extension of the ECB easing programme, Germany’s Commerzbank analysts see gold as being in strong demand in the short to medium term.