@loki01 I concur. The Chinese may enter next wave of gold buying frenzy. Right now they are in stagflation. Chinse people hold tight their wallets. However, there is an imminent currency printing flood by the government to thwart their current multi-front finance crisis, plus the CBDC is said to be forced in effect from September. Many riches would consider putting their money in hard assets to preserve value. Real estate in China is a no no. Owning crypto is a crime over there. And they can't channel the money out of the country easily. So there is not much choice left. PM is a natural choice. I guess they will also buy up their premium Baijiu (white spirit drink) as well. But for WAF, more important is about the sentiment with BF. Hopefully the scared holder exodus is close to the end now.
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