• China Buying GOLD Like Mad - What Does It MEAN ?

    From 68hx.1806@21:1/5 to All on Wed May 1 01:29:57 2024
    XPost: alt.politics, soc.culture, alt.economy
    XPost: alt.politics.republicans

    https://www.dailymail.co.uk/news/article-13367007/China-buys-huge-135billion-stockpile-gold-raising-fears-Beijing-preparing-invade-Taiwan-protect-economy-event-Western-sanctions.html

    China buys huge £135billion stockpile of gold raising fears
    Beijing is preparing to invade Taiwan and protect its economy
    in the event of Western sanctions

    . . .

    What DOES it mean ?

    Kinda LOOKS like padding in case of a Taiwan
    invasion.

    Could ALSO be market manipulation - buy lots
    and lots and then DUMP it to crash the large
    gold market.

    Gold IS over-priced these days. China buying
    large quantities may be behind that. Alas lots
    of western interests/citizens have been paying
    over 2k for gold for awhile now. What if the
    price was suddenly cut in half ??? Some of us
    DO remember the silver-market scam - where
    the Hunt brothers over-bought, artificially
    raising the price through the roof, and then
    DUMPED it all. That was profit-motive, but
    in the case of China it may be mil/strategic.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)