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0.51% $1,391.7 gold futures

SP: "China is not interested in buying paper gold. So why is...

  1. pugnacious
    1,418 Posts.
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    10/02/10
    16:53
    Post #: 6313686
    SP: "China is not interested in buying paper gold.

    So why is China investing in this paper gold trust?"




    OK, think about this: There is only one possible answer to the scenario presented here by SP.

    CIC does not consider SPDR to be paper gold. They believe that it is backed by the real thing.

    Simple.

    - pug
    Value at posting: $0.00
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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