These Chinese buyers know what they are doing. They understand gold is good value, and therefore they want all the physical metal they can possibly get in their possession. And the banks have been willing to heighten this insatiable demand with these CCFDs.
So owners of physical gold should rest easy this weekend. They own what is in short supply, which means that the gold price is ready to climb higher.
- James Turk via a recent King World News interview, read more here: