China To Buy $344 Billion Worth of Gold?

Discussion in 'Gold' started by 1for1, Jun 7, 2013.

  1. 1for1

    1for1 Well-Known Member

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    As economic conditions in the U.S. and the global economy deteriorate, and as central banks around the world print more money in their misguided attempts to spur growth, more and more analysts are saying that gold bullion's best days are behind it.

    Their reasoning: the economy is improving, the Fed will cut back on its monetary stimulus, the worst is behind us, and there's no more crisis, so there's no more reason for gold to risethis is the exact opposite of what I'm saying!

    The gold bears fail to realize there are fundamental forces at play behind the gold bullion bull market.
    Central banks around the world are looking at gold bullion as an alternative to the currencies they hold in their reserves. It is well documented in these pages how major central banks like the ones from Russia and Turkey continue to buy gold bullion.

    http://chinabullion.blogspot.com.au/2013/06/chinese-gold-china-to-buy-344-billion.html
     

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