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27/04/25

22:36

Post #: 78816159
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Originally posted by Bell1969 ↑

Hi Slange and All,

I witnessed the Chinese Gold buying first hand in Guangzhou in March, it is my understanding that their government actively encourage their citizens to buy and hold physical Gold.

I have visited many other busy Gold markets such as the Dubai souk but I have not seen this kind of buying frenzy!

ChineseRush to Buy Gold: Gold Bars Sell Out Quickly, Yuan Accelerates in Devaluation

Clearly these situations encourage entrepreneurs to take advantage of the current Gold price action. I have seen Gold selling ATM types in various places on my travels; however, the idea of a Gold buying ATM is new to me.

GOLDIN, CASH OUT: China's Gold ATM Video Goes VIRAL!

We have now seen the expected pullback in the Gold price; however, I firmly believe this bull run is not over by a long shot. Next week may be a busy one for Gold fans.

Whilst the world is watching Ukraine, Russia, China, Taiwan, the Middle East, USA and the ongoing China tariff war it seems tensions may be rising on the Indian and Pakistan front.

PakistanArmy Declares High Alert At LoC LIVE | Pahalgam Terrorist Attack News |India-Pak Tensions

We can only hope that cooler heads will prevail; however, with all the tension in politics worldwide and the tariff confusion one can only wonder what to expect next. One thing for sure I won’t be parting with any of my long held physical Gold or Silver !!!

Cheers.

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I witnessed the Chinese Gold buying first hand in Guangzhou in March, it is my understanding that their government actively encourage their citizens to buy and hold physical Gold.

My understanding they have been telling their people to by for over a decade?
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