Chinese buying lots of gold

[jim4silver]

Interesting to see what is going on in other countries regarding PMs.

?Gold Rush? in China ?Biggest in Half a Century? But ETFs Still Liquidating | Ben Traynor | FINANCIAL SENSE


Jim

 

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[Marchas45]

Yep the word is getting out Jim via the internet and everybody is starting to stack. Won't be long before the Sheeple here will be joining in and at full force.

 

[TreasurePirate69]

Good thing I didn't sell my gold to Marchas45 for cheap!

Once again, I think this is small time investors running in to try and catch the falling knife. This will likely continue to prop up prices and increase premiums in the short term. But a year from now all of these people will be panicked sellers when the price of gold continues to drop despite their best efforts.

All just my opinion of course.

 

[hannahgodfrey]

As far as I know, the Chinese traditionally buy gold presents in the coming of the Lunar New Year, which was in February this year. And other reasons, well, youoould need to gossip with my Chinese pals who are also my club friends and gather more info….