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Willem Middelkoop, founder, investor, commodity fund manager at Commodity Discovery Fund, reports that central banks now consider the U.S. a riskier environment.
He indicates that these institutions intend to sell dollars and increase their gold holdings, according to his reading of CNN coverage.
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Middelkoop recently said his Commodity Discovery Fund is positioned for a potential market uptrend following signs that a correction may be ending, according to a recent interview. He has also noted ongoing dip-buying of gold by Asian investors, despite efforts to push prices down in the U.S., as reported in a previous article. These observations follow renewed scrutiny of dollar holdings among central banks.