nextpillartofall

1100 Tonnes Now in the GLD Trust

China is & will be the buyer of Gold when GLD has to sell it. China recently suggested that it was uncomfy with all its US treasuries. Next thing we hear is that the FED says they will buy $300billion of US treasuries, you know the quantitative easing scheme announced this week. China will be net seller of US treasuries & a net buyer of gold...a real store of value rather than us treasuries which are at bubble pricing & yields. This is a possible black swan event, that is when china sells US treasuries in earnest & goes for the gold with the proceeds.