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December 1, 2009

2

China and Gold Price

by oakley711

Australian gold nugget

Australian gold nugget

China is the number-two gold producer now, we’ve been told. They’re not selling any and not only that, they’re buying it. Further, they’re encouraging gold sales to consumers. And Japan has been doing the same thing. The supply of gold is not going to be able to meet what people are after here, and that’s the reason for this breakout we’re looking at right now.

Mark Faber of The Gloom and Doom Report, recently said, “If gold will stay above $1,000, it’s never going under $1,000 again.”

Australian gold nuggets


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2 Comments Post a comment
  1. “You really know your stuff… Keep up the good work!”

  2. It is all government meddling with welfare as its end goal. Will it work out well, give me a break.
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