Loading ...I noticed my smidgin of KER shares tripling from 3 to 9 cents and wondered what up. Nothing, only 1 gate security and no one was paid wages owing. Sheriff with repo notices for equipment, power to mine being disconnected.
However, three Mideast “sheiks” showed up with two armed bodyguards and an Aussie mining consultant in their stretch Mercedes several weeks back.
I have long held the idea China would buy gold in the ground, especially in US recycling trade $, once above ground supply became limited. Why not buy infrastructure and reserves for 7/8/9 hundred an ounce instead of bullion at $1500-2000/trounce.
Seems maybe a heck of way to recycle petrodollars too by hoovering up precious and unloading fiat.
Hiding in plain sight without spooking the herd or certain central banks. Less chance of being bombed into oblivion.