As the Federal Reserve, along with their Wall Street banker owners, in cooperation with Obama and his Treasury Dept., have been artificially suppressing the price of gold since 2011, someone has been taking advantage of the bargain prices. Do you think the brilliant Ivy League minds that caused two financial market crashes in the last 13 years have outsmarted those rubes in China? The fact that China ceased buying US Treasury bonds two years ago hasn’t worried the brain surgeons in the Eccles Building. They’ve got everything under control.
China wouldn’t be signing energy deals with Russia, buying up natural resources in Africa, making oil deals with Iran and buying up all the gold they can get their hands on because they are preparing for a dramatic change in the world currency regime. That’s silly. Those foolish Chinese don’t realize that gold is barbaric relic and that the fiat paper USD will always retain its value. Just because Janet prints $2.8 billion more of them per day doesn’t mean a thing. Faith in bankers will make everyone wealthy.
Those wily orientals don’t know what they are doing.