GOLD 0.51% $1,391.7 gold futures

Would you be prepared to wait 1000 days then? I don't think it...

  1. 1,544 Posts.
    Would you be prepared to wait 1000 days then? I don't think it will take that long frankly.
    China is already the world's number one gold producer and the gold doesn't leave China. I feel certain they will start moving on grossly undervalued deposits in grossly undervalued Australian stocks before long.
    They quietly bought a large chunk of CRK's offshoot CNK. They'll own most of that before long. China imported a huge amount of Australian gold in the 19th century. There's a strong and ancient affinity between Chinese and gold. There's also a strong traditional link between Australia and China.
    I'll be interested to sit and watch the action. I suspect a lot of it will be quite discreet.
 
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