Commodity Trade Mantra

Posts Tagged ‘China’s Gold Reserves’

Why Most Pundits are Dead Wrong about China’s Gold

Gold is still the safest asset, and every investor should have some in their portfolio. The price of gold will go significantly higher in the years ahead. But contrary to what you hear from the pundits and read in the blogs, gold won’t go higher because China is confronting the US or launching a gold-backed currency.

China’s Master Gold Plan, Restated

“China increased its gold reserves 57%,” reports Bloomberg this morning. While tapping this reckoning out, Jim called from the road. “China is feigning transparency with a ‘don’t rock the gold boat’ strategy,” he said in reaction to today’s announcement. “It’s a misrepresentation of the facts. They absolutely have more gold than they’re reporting.

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