Friday, July 17, 2015

China finally says how much gold it has, but nobody believes it

Apparently, I'm not the only skeptic regarding China's official gold holdings.  My estimate is somewhere north of 5,000 tons.  There are various reasons why China may be understating their gold holdings, but at some point, the truth will come out, and the fireworks in the precious metals markets will begin.

No comments:

Post a Comment