Shaky Chinese stock markets, and real estate markets, will lead to an increasing scramble for gold, as security.
https://www.scmp.com/economy/economic-indicators/article/3249894/chinas-gold-imports-surge-record-high-appetite-increases-middle-class-seek-wealth-security
And the Shanghai gold exchange seems to have an almost religious, $US50 an ounce premium, to the western gold markets.
The Indians, too, will not be left behind from the international gold markets.
In those two countries alone, we have 2.8 billion gold customers!
That is 112 Australias!
Ann: December 2023 Quarterly Activities Report, page-16
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