You may have read in the news how many central banks ranging from Germany, Poland, India, Russia and Brazil have been moving their gold reserves from the New York Fed and London to vaults that they own domestically. As an investor, you may be wondering what implications this trend has for the trajectory of your gold holdings and how you should respond to this accelerating phenomenon.
This means that the outlook for gold is broadly bullish as a result of this growing demand, so you can plan your portfolio allocation accordingly. Many gold and silver industry participants, such as New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG), are also weighing these same factors as they make…
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