The Chinese public is buying gold at a historic clip only seen one other time in history. The buying is so frantic it is close to an all-time record in terms of demand.
February 9 (King World News) – Alasdair Macleod: “The Chinese stock market is in trouble, and also the property market is in trouble. They’ve got a real problem in China. This is interesting because in December the withdrawals from the Shanghai Gold Exchange were 271 tonnes. That’s the second highest on record! The highest was 285.5 tonnes in July 2015 (near the $1,050 low for the gold market). So we are talking about…to continue listening to Alasdair Macleod discuss the near all-time record demand for gold and what this means for the price of gold in 2024 CLICK HERE OR ON THE IMAGE BELOW.
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