Ruby Creek Resources Inc RBYC

chinese gold imports

[jonggua]

https://www.zerohedge.com/news/hoarding-continues-china-purchases-record-100-tons-gold-april-hong-kong

I watch zerohedge daily and also listen to kingworldnews podcasts for up to date info on the changing gold market-- hint hint- it's not centered in the usa. India and China are 1 and 2 in world gold purchases every year lately, with China about to overtake India. When one considers the amount of investible world assets and how less than 1% is in gold, and how trashed the bond market is gonna be when rates start rising, and stock markets fall with the fall of europe, one can imagine some pretty high gold prices-- adjusted for inflation prices I mean.

[cadillacsam]

Thanks for the links. We have different opinions.  I believe zerohedge to be the worst source of information and a complete distortion of the truth. As to King world, again, mostly propaganda with little merit. Historically when rates rise gold falls due to carrying costs.