GOLD 0.51% $1,391.7 gold futures

pog, page-23

  1. 33,126 Posts.
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    Hi D&C,

    I can't see why gold will rise. Actually I meant to mention that on the video there's nothing about the London pool, GS, JP Morgan, the Yuan, chinese buying, global debt, manipulation, the Fed, Obama, India, the Rothschilds or anything else.

    Yes, the chinese have been buying, but not the govt., amateurs (Aunties) have been doing it and are now down on their luck, last month being the worst November for gold since 1978.

    Chinese may be using the gold to get their money out of China, chinese citizens have US$658 billion in the USA and are buying properties in extraordinarily large numbers.

    There's no proof that the chinese govt. is buying gold. The Chinese will never outmuscle the USA, that's a myth, there's all kinds of problems there and on average 600 riots every day. If you think the USA has problems, do a bit of reading on China.

    Much better off with your money in anything but gold for the last couple of years unless you're a financial masochist, investor psychology is probably irreparable.

    There's also a video on FT called "What do the rich do with their money"? They don't have it in gold.

    Cheers
 
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