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Daily Wealth/Brian Tycangco
What I learned along the way is that when the Chinese want gold, price doesn’t matter. And that goes a long way to explaining why the metal can rise much higher from here. Let me explain… If the Chinese want gold, they’ll pay any price for it. This became especially clear to me in 2012, during gold’s last major bull market.I was in Hong Kong which, at that time ……”
USAGOLD note: Some interesting perspective on China’s cultural attachment to gold …… Based on the writer’s direct experience.
Repost from 10-8-2020
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