"It is the Soviet Union that runs against the tide of history by denying human freedom and human dignity to its citizens." Ronald Reagan, Speech to the British House of Commons, 8 June 1982
"It is the Soviet Union that runs against the tide of history by denying human freedom and human dignity to its citizens."
Ronald Reagan, Speech to the British House of Commons, 8 June 1982
China withdraw around 70 tonnes of gold bullion from the Shanghai Gold Exchange for the week ending 16th January.
This is the third highest amount of gold offtake from Shanghai ever.
As a result of price rigging, gold is flowing steadily from West to East.
I have no doubt that the Western central banks think that their triumph is an inevitability.
I suspect that they may be in for a surprise. Events have a way of rising to an occasion.
Chart courtesy of data wranger Nick Laird at goldchartsrus.com.
