GOLD 0.51% $1,391.7 gold futures

china stocks up on gold as price tumbles, page-64

  1. 5,237 Posts.
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    Of course that one cannot dream of being able to pin down a goldbug as only themselves can understand the profound thoughts embedded in their questions and statements.

    Therefore, when a normal person posts here he must be doing so, as somebody recently remind me, for the exclusive benefit of those not yet affected by the virus of goldbuggery.

    To those I only want to say this: how ridiculous it really is the idea that behind the illegal mining in the Philippines and elsewhere and all those things that do come with it, such as: tax evasion, corruption, violence, private armies, smuggling, environment degradation, etc, etc, is the Chinese government through the actions of its central bank, who is buying all that gold at spot prices plus a healthy premium in order to secretly accumulate gold, but not in a so secretly way that golbugs cannot know about the exact figure so far accumulated and which they have put at 5,000 tons.






 
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