inflation
Why China is buying so much gold.
Ten years ago Chinese investment gold demand – demand not related to jewelry, etc – was about 3 to 4 tons a year. By 2009 it had grown to 45 tons. Shen Xiagrong, chairman of the Shanghai Gold Exchange, recently revealed that China’s gold imports had rocketed almost fivefold so far this year, to 209 …
When the Fed wants more inflation, it’s a good time to buy more gold.
The Fed’s Federal Open Market Committee recently released a statement saying, in part, “policymakers signaled that they’re worried that inflation has fallen too low, with the ‘core’ consumer price index rising year-over-year at a rate of less than 1.0% in recent months, a 44-year low.” Inflation is too low? That’s a novel idea. Those of …