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@ourlady "Its that simple in my view but DYOR." My research (WGC...

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timber1956

7,423 Posts.

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21/06/18

03:08

Post #: 33842664
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Originally posted by ourlady ↑

The yanks financials don't like gold showing its head whilst they try to maintain (hold up) an indebted struggling world currency "the US dollar".

China like gold but they hold a large basket of US dollars. So as China unloads this encumbrance they like a low gold price for accumulation.

Its that simple in my view but DYOR.

And thinking the Aussie dollar will fall (many here seem to) is also an error in my view. Our assets (primary production, wool, ion ore and !!!gold etc.) in Aus a far superior to almost all other countries, as measured particularly against or small population, many going to the wall as I type. China too is in massive debt.

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@ourlady

"Its that simple in my view but DYOR."

My research (WGC Demand reports) suggests that gold miners and recyclers are producing more gold every year than end holders want to buy, by about 300 tonnes in 2017.

That trend will send the price of gold lower without any help from the US or Chinese governments.
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