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.
- Forums
- ASX - By Stock
- china can drop the usd and make gold soar
Would you be prepared to wait 1000 days then? I don't think it...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla