Enough of the BS - Only one thing keeping gold down
and that is China owns ~ 3 TRILLION dollars worth of US Treasury debt. Of course they dont want to break the bank, so they are slowing exchanging those dollar reserves for REAL ASSETS including gold. However when they have dumped all their Treasury reserves, all bets are off. I have no idea how long it will take, but thats when gold prices will soar.
Yes I thought I might be high, but its still trillions. If the Chinese wanted they could corner the gold market tomorrow, but that would be a self inflicted wound. Its interesting the first thing the new Chinese president did was to enter into an agreement with the Russians to buy oil using Renminbi, an obvious swipe at the petrodollar.