Discussion in 'General Precious Metals Discussion' started by GOLD1, Apr 19, 2021.
Great news, fully priced into gold’s $2 uptick today
Wait until they start buying up all the gold paper futures contracts, that's when the gold price will take off.
Great news. I have already bought some.
I dont understand the article.
China never stopped importing gold, they only stopped EXPORTING it.
China's Central Bank controls the influx of gold into the country. In 2019, the Central Bank stopped that influx; my guess is that it was concerned about the diminishing foreign currency reserve at that time. Now, it lifts the ban, encouraging commercial banks buying precious metals. Good news for hoarders as the demand for gold and silver is going up.
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