Message:

<p>[QUOTE=&quot;InfleXion, post: 1268822, member: 29012&quot;]I think Cloud was referring to the notion that the Chinese have been buying gold for decades as the mythical argument, not saying that they have actually been doing so. Although it&#039;s hard to prove anything one way or another with all the secrecy over there. My understanding is that the Chinese government has been accumulating gold for a few years now behind the scenes, but that&#039;s a different story than whether the population at large has also been doing so. </p><p><br /></p><p>We can say this much with certainty: The nation is importing more and more each year, and they are telling their citizens to buy it. </p><p><br /></p><p>Of course volume is key to any sort of accurate determination, and we probably won&#039;t get our hands on that. I do think that because their economy has grown so much in recent years that it will have a hard time sustaining such levels of increase. I also have heard (unsubstantiated) claims that they have a lot more debt than they&#039;ll admit to. So it&#039;s not a cut and dry situation, but I do think that they and India will keep demand at a high level simply due to enormous populations and cultural affinity for the metal, with monetary debasement playing a role in sentiment as well.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in