Anyone with an ounce of common sense will know that Nielson's article is a collection of conspiracy theories. BS about how Russia and China are accumulating massive amounts of gold, something he has no idea about, but I guess if it makes his camp followers feel good, it's OK to have a vivid imagination.
The article is followed by letters of appreciation from religious cranks, reinforcing their view that the World is on the brink of an enormous economic crash that will make them rich and the rest of us poor, a gift from God for their piety.
Us westerners are corrupt, with no idea of the value of gold, real money. We will ignore the fact for the moment that between, 2011 and 2015, gold plunged 45%.
Very clever Indians, Chinese and Russians know the value of gold. Massive buying of gold by these consumers reflects the culture, intelligence and investing savvy of the people in these countries. The West just doesn't get it and it is their loss.
Yeah, right!! When the gold party really is over, westerners will buy it back at bargain basement prices, if they want it, just like Americans bought back hundreds of billions of dollars of property from the Japanese after an absurd buying binge in the 1980's.
After reading the article and feeling a little anxious his fans can also coincidentally buy gold coins and make Jeff rich.
The Two Worlds of Precious Metals: East and West - (Nielson), page-11
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