China, Russia and Others to Increase Gold Holdings?

Jeff Nichols believes some big players in the world have much gold buying to do in the future. Moreover, he uses the fancy-sounding phrase "over stimulative monetary policy", which means lots of trees are being cut down so your bank account can depreciate in value.

Nichols : "We are bullish on gold for the next few years, largely because of our reading of the macroeconomic situation - and the high probability of an overly stimulative monetary policy for years to come. But a more positive official section attitude - with some countries wishing to increase the proportions of official reserves held in gold - is simply one more support for a much higher price over the next several years."

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