from King World News
Gold fever is sweeping China, plus another inflation wave is about to hit.
“Understanding that China plays the long game is one of the most important insights you can have about what lies ahead. China’s leaders know where they want to be five and ten years out.” — Stephen Leeb
Gold fever in China
May 23 (King World News) – Peter Stoferle at Incrementum: One of the most important factors behind the recent gold boom is undoubtedly the enormous demand from China. Chinese demand for gold is no longer being fueled solely by the PBoC, but increasingly also by Chinese private investors. The financial situation in China could be summarized as “shrinking pool of investment opportunities meets high liquidity”…