gld inventory under 790 tons, page-112

Arbroath,

"They also advise their own population to buy gold".

I'd sure like to see where you read that. Don't quote KWN or Jim Rickards either.

This is what the Shanghai govt. newspaper Liberation Daily said:
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On Sunday, Shanghai-based Liberation Daily, a newspaper owned by the Shanghai Communist Party, not only joined other news outlets in comparing the gold-shopping habits of aunties to grocery shopping but also suggested: “Their knowledge of banking and finance is close to zero, so their investments change with the winds. They’re also based on feelings, as well as the advice of close friends.”
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