Are Chinese Bullion Dealers OUT OF GOLD?

Chinese bullion dealers are either out of gold or they are doing this, and the same goes for retail buyers…

by Jason Burack of Wall St For Main St

Gold futures rose above $1400/oz in US Dollars on the COMEX for the first time since September 2013 yesterday. The gold price in RMB/Yuan has also gone up a lot in the last year since July 2018 and even more since mid-March and May 2019. One of Jason’s sources in China also told him some very interesting information about the Chinese gold market including how Chinese bullion dealers are either out of gold or are hoarding it expecting much higher prices. The same goes for retail buyers of gold. They have no plans of selling it and expect higher prices.

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