gold, page-26342

This is according to gold guru (Rickards): China is still accumulating gold. They want to keep the POG low as long as possible. China holds massive amount of USD, they need to hedge it, as a result US banksters & govt are allowing China to hoard gold for thevsake of USD. China y only less than 1% of gold to GDP ratio, whereas US & Europe around 4%+ ration. China still has a long way to accumulate gold. They will suppress the price at least for the next decade if not more.

It's ok for younger goldbugs to wait, but bad news for old goldbugs.