
#52: Fred Hickey On ’Keeping Your Head When All About You Are Losing Theirs’
Superinvestors and the Art of Worldly Wisdom
00:00
Is China Buying Lots of Gold?
Central banks around the world are buying huge amounts of gold. They put up big shore positions when en gold gets too high, and o these very low levels. It's a disincentive around the world to produce. And so you have a demand from all these countriesa encouraging buying. The russians drop their value at a tax on gold to get people to buy internally. Chinese have made it very attractive to buy internal. This is like only to continue.
Transcript
Play full episode