Loading ...Looks like we are comming back….which if we can hold, tells us there are serious buyers below, following the mkt higher.
I remain convinced the Chinese have few places to put their money, now Xi has knocked the stuffing out of the economy, by announcing he is Dictator for life….why put in the extra, if it all belongs to the ‘Party’….Crypto is not an option, as that could be stolen /wiped out with a mouse click…..but some PM’s in the garden…now that is permanent.
There are @ 1.4 billion Chinese…1 oz each requires 44,000 tonnes of Gold…..not sure Crimex has that much available !!!!!