Thursday, May 5, 2016
How Badly Does China Want Gold?
Best-selling author Jim Rickards’ latest book, the New Case For Gold, he brings up one of the most common criticisms of a new gold standard – that there is not enough gold to support it. Rickards makes the argument that it would work at a certain price level. In his interview with Kitco News, Rickards also discusses China and gold buying. He suggests that China is suppressing the gold price through the COMEX market in order to build-up more physical supplies. Once they have a sufficient supply, equal to the United States, they will no longer care what the metal's price is and it will likely skyrocket, he explains.
at 11:06:00 AM