Read that China is moving into gold big time. Look for gold to skyrocket as the Chinese put more of their reserves into gold.
At the moment they hold US$750B in US Treasuries and they now hold $31B in gold. In 2003 they had about 600 tons and now they have 1100 tons. Look for them to accumulate even more
They problem is the the size of their reserves. Except for US Treasuries, there are few investments in the world that can absorb so much reserves. There is not enough gold in the world or at the very least they will drive the price of gold to $2K per ounce.
At the moment they hold US$750B in US Treasuries and they now hold $31B in gold. In 2003 they had about 600 tons and now they have 1100 tons. Look for them to accumulate even more
They problem is the the size of their reserves. Except for US Treasuries, there are few investments in the world that can absorb so much reserves. There is not enough gold in the world or at the very least they will drive the price of gold to $2K per ounce.
China buying their treasury bills. So stupid all these ah tiongs. Old Bum Man will default at the first opportunity!