Gold Demand & Fed Policies in Three Charts
The popular GLD Gold ETF (number of tonnes held in storage) versus the FED's balance sheet. No surprise a huge jump in demand for gold.
With interest rates at 0% once again (USA) and 0.25% (Canada), and money-printing continuing across central banks to inject liquidity into the world economies, the demand should continue strong in gold. Increase in demand -> increase in price.
Bank of Canada Assets
US Federal Reserve Assets
Gold Demand in ETFs
