If the Chinese government is calling for its people to invest in Gold and Silver, what do you think will happen to prices if these precious metals?
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hi Jeff,
ReplyDeleteapparently there is another school of thought that believes gold will just hover at this level & then fall. who's to know the future, right?
China now has the largest hold of gold bullion in the world, so indirectly they can influence the price. is it possible that they plan to gradually release their hold & encouraging their citizens to take up so as not to affect the price too much?
i'm just a layman trying to make sense of a complicated world.
Kim Hock,
ReplyDeleteChina is far from being the largest holder of gold bullion. Refer to the link below:
http://en.wikipedia.org/wiki/Gold_reserve
China is holding on to too much US Treasury Bills, as seen in the chart only 1.75% of their reserves is in gold. They are in trouble as The Fed keeps printing all the money at their convenience.
The main point to understand is that when China and its people start buying gold... it will fuel demand.... and gold prices will go up due to limited supply.