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neville
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Renewed estimates of Chinese gold demand

- Alasdair Macleod - Finance and Eco.

All this gobbledy gook demonstrates is that just how bloody idiotic we in the west truly are.Following the american economic model like blind men and inti the bargain selling the last vestiges of our heritage or ill gotten gains through plunder.
TOTALLY UNPREPARED is the west economically and with very few assets of tangible value to show for the debts pent up in our bankrupt economies.WELL DONE

Commented 3672 days ago

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Beginning of the headline :Geopolitical and market background I have been revisiting estimates of the quantities of gold being absorbed by China, and yet again I have had to revise them upwards. Analysis of the detail discovered in historic information in the context of China's gold strategy has allowed me for the first time to make reasonable estimates of vaulted gold, comprised of gold accounts at commercial banks, mine output and scrap. There is also compelling evidence mine output and scrap are being accumulated by th... Read More

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