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#52: Fred Hickey On 'Keeping Your Head When All About You Are Losing Theirs'

Superinvestors and the Art of Worldly Wisdom

CHAPTER

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.

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