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<p>[QUOTE=&quot;InfleXion, post: 1616440, member: 29012&quot;]Agreed, China has raised expectations before only to let down. But their massive quantities of gold accumulation speaks to their intent. James Rickards expects them to announce a gold standard when they reach 8,000 tonnes of gold. Most estimates currently put them between 1,000 and very generously at 4,000. But as they are secretive we just don&#039;t know. Sometimes they suddenly come out and say surprise, 5 years ago we bought a whole bunch that we didn&#039;t tell you about. Plus they are mining plenty that flies under the radar. Until they reach whatever their target goal is, however long that takes, they don&#039;t really have any incentive to do anything to cause the price to rise as they are just accumulating. They are happy to sell us our wares and buy up the gold for now. I say that they are a gold bugs friend simply because they are the largest net buyer.[/QUOTE]</p><p><br /></p>

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