Thread: News Time To Buy Gold?
View Single Post
Old 02-10-2016, 06:57 PM  
Vendot
Confirmed User
 
Industry Role:
Join Date: May 2002
Location: Malaysia
Posts: 3,376
I forgot to mention there is also another thing, Soros and Bass and others have taken out a big short on the RMB being devalued. There's a big expectation of this happening this year in China.

So in order to front run that, a lot of Chinese are buying gold right now aggressively.
__________________
"In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell
Vendot is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote