My brother is obsessed about the fact that China is buying up tons of gold and he wants me to answer why they would be doing this. I don’t know. My guess was that China is not cooperating with the rest of the world and so they are affecting currencies and so as the dollar stays down, gold stays up. He says that what is keeping gold up is China buying it. But why?
Anybody have an answer?
you should ask bill jenks. isn’t he a china guy?
Good idea.