Coin Bureau: GLD will rise

The window it was checked over

GLD closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

What was said around it

and maintained an average pace of 40  tons per month in line with recent patterns we   estimate it would take approximately 3 years to  reach a 20% gold share i'm not sure what recent   patterns Goldman Sachs is talking about here  because China bought 44 tons of gold last year   and 30 tons in the last 6 months with a slowing  rate of purchases as the price runs deeper into   the mid $3,000 range as far as we can tell China  has never habitually bought 40 tons of gold per   month but we'll take their point china's central  bank is going to provide a continuous if not price   inelastic source of buying pressure as it slowly  rebalances away from its dollar heavy balance   sheet and approaches a gold allocation closer to  that of the Atlanticist countries the good news   for gold bulls is that China is not the only  country that is underweight gold and trying to   do something about it a data from the World Gold  Council shows that as of Q2 2024 the average gold   allocation of central banks in developed markets  was about 28% whereas it was just 13% in emerging   markets and this provides useful context for  understanding the ddollarization trend it's not   so much about shedding the

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