George Milling Stanley speaks on central-bank gold demand, prices and the 2014 outlook...
CENTRAL BANK gold demand may slip in 2014 from recent years, says expert analyst George Milling Stanley, but the "turnaround" from the previous 20 years of selling remains remarkable.
With four decades' experience of the bullion market, plus genuine "insider" contacts across the central banking world, George Milling-Stanley was head of government affairs at the World Gold Council, the mining-owned market development organization, for 15 years. Also a key member of the team which developed the idea of gold-backed Exchange Traded Funds (ETFs) a decade ago, and now head of GMS on Gold LLC, he speaks here to BullionVault's New York Markets Live...
Looking at price, "I think gold is building a base around $1200 per ounce," says George Milling Stanley.
"And let's be fair to gold – that's five times the price it was just a decade ago."
Other key points discussed in this 27-minute audio include:
All told, "I think we're in for a very healthy market overall, definitely with higher prices," says George Milling Stanley, also sharing his expert view of the jewelry and gold investment markets worldwide.
Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News, RSS links are shown there.