If China is a serious buyer it wouldn't want to spook the horses and send the gold price rocketing. China may be the reason why the gold price is continuing to hold well around these levels. Not one ounce of gold they take off the market will come back on the market. They won't be trading it. They would be quietly buying up gold and converting their US dollars into something actually worth money. The price of gold may well go up as supplies dry up. We'll have to wait and see.
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If China is a serious buyer it wouldn't want to spook the horses...
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