Gold Continues to be the News Since last June, the spot price of gold in China has exceeded London's international benchmark.
Many believe there is a battle for control of the global gold price.
The truth is,
The fight is over.
Western teeth are starting to get rattled.
In the first quarter, China's demand for gold bars and coins increased by 68% year over year.
China is dumping treasuries and has publicly reported 18 months' worth of buying gold.
India is bringing 100 tons of its gold reserves from the United Kingdom back to India.
BRICS…
Paper assets vs. hard assets is playing out.
This has been years in the making.
That's the result when leaders around the world are prioritizing gold vs paper assets.
Central banks issue the paper currency their citizens use, and they buy up gold at the same time.
Central banks can print dollars, but they can't print minerals.
Think about that.