Is China colluding, or just taking advantage of the US need to prop up the dollar?
I tend to think the GP suits China for now. China isn't ready for deflated USD reserves, and a rapidly rising GP doesn't suit while they continue to accumulate.
There will come a time when it sees its interests are best served by unleashing gold to find its true market value,
that much is certain.
The West is in a holding pattern, going nowhere economically with no future vision for gold.
The ball is squarely in China's court.
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