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Gold’s Reserve Asset Status Strengthens as the World Becomes Multipolar

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

According to Sprott Inc.’s market strategist Paul Wong, the value of gold as a reserve asset is growing around the world as the globe slowly shifts from a unipolar system to a multipolar system. He explains that the current price swings witnessed in the gold market may mask this new reality, but a close examination of market fundamentals attests to this fact.

Structurally, the demand for gold is growing and the recent swings can be attributed to fluctuations in the value of the USD. Those swings detract from the secular bull market that bullion is experiencing, but seasoned analysts at firms like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) are unlikely…

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