China has been a buyer of gold for 17 straight months and their purchases are helping drive the price higher.
China was a buyer of Gold for the 17th consecutive month even as prices soared to all-time highs pic.twitter.com/ZPqhcrkqQK
— Barchart (@Barchart) April 7, 2024
As I write this gold is well over $2,350 an ounce.
It is possible we might see some short term retracements in gold, but in the long run, it is going to move higher. The US Dollar printing machine is out of control and they are just printing dollars to fund insane and failing Jewish wars. China is smart to be buying gold.
What’s the old saying? He who owns the gold makes the rules? Well, when all is said and done China will be making the rules. What gold does the US have? There’s been no audit of the gold reserves at Fort Knox for decades and there’s every reason to assume that the gold isn’t there. All the US has is a fraudulent Jewish printing press and more and more people are questioning the validity of this printing press.
