“Gold is money. Everything else is credit.” The famous quote from J.P. Morgan underscores the enduring value and significance of gold in the global economy. In this note, I’ll look into the various aspects of gold demand, its historical context, market dynamics, and the pivotal role played by central banks and financial markets in shaping its trajectory. I’ll also tap into why gold continues to be a treasured and strategic asset in today’s financial landscape.
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