Major deterioration coming in the next 2 days. Governments are starting new Q.E. in Europe and Asia. Our Fed is trying to keep calm, but it will happen here too: Negative Rates soon.
The Chinese are on a massive gold shopping spree.
China's government doesn't share exact figures, but the vast majority of gold heading into mainland China passes through Hong Kong, which does make its records public.
Gold imports to China have surged over 700% since 2010, according to the latest data from Hong Kong.
Exactly what China is doing with all that gold remains somewhat of a mystery. The increasingly wealthy Chinese are buying, but that doesn't explain all the jump in demand.
The government says its gold reserves have grown only a little in recent years. Experts question whether China is telling the whole truth.
Sentiment: Strong Buy
Congratulations on four years of futility with your nonsense GLD risk thread when owning gold in any form is the real risk! Get real u mental midgets, ZERO 1940 regulated mutual funds have been frauds. State Street and other large asset managers have zero incentive to defraud investors including gold investors. Yet you gold conspiracy nut jobs pound away weekly with your insurance theory. HSBC and LBMA system hasn't had a client default or fraud in two centuries. Has it occurred to you that gold is dropping because no one wants to own a dropping asset? Who wants to buy an inflation hedge in a deflationary world. For someone that calls themselves "investment", you are remarkablely uninformed.
Guess what, 100% or ETF and mutual funds allow redemptions in CASH ONLY. They all must be frauds, all $4 trillion. Did these hopeless losers complain about GLD when it was buying gold hand over fist on the way up? Of course not. By the way, Happy New Year to more gold losses to come. What is outstandingly absurd is that you've posted the same conspiracy theory since 2012. 2012 is when gold really started drop. Is that a Coincidence? I think it is not. Being a gold loser is a long term habit for posters to this thread.
Sentiment: Strong Sell
.....No it is just the chart for the price of gold!!!!.......(How much Is A pound Of Gold Now Days?)......yes, a bird in hand is better than one over head.........
Is that you Dolf Nacht? I think so... So embarrassed that gold just broke $1,200 you got yourself yet another alias. ROFLMAO
hina Continues To Buy More Gold As it Sells Other Foreign Reserves
By Neils Christensen of Kitco News
Monday February 08, 2016 14:40
(Kitco News) - China’s central bank continues to see the value of diversifying into gold as it continues to purchase the precious metal on a monthly basis in the midst of falling total reserves.
According to media reports, the People’s Bank of China (P Less
Sentiment: Strong Buy
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