will Korea, China, India and UK investors consider this an overnight -over-reaction gift?
One would think that South Korea is buying hand over fist? China too...
The Bank of Korea issued a statement (back in mid-March 2013) saying that it has purchased
20 metric tons of gold - more than 643,000 troy ounces - during February, increasing its
gold reserves by 24% to 104.4 metric tons. Bank of Korea still does not own a lot of gold
compared to its total foreign-exchange reserves.
Someone at the Bank of Korea is watching and licking their chops to buy.
Asian currency crisis. Ring a bell?
China is on verge of credit real estate crisis of crushing proportion.
That's what keeps me up at night
India will be liquidating soon as many have pledged their gold for currency loans.
Can you say margin call?