Ross

Gold Bullion: The Gift That Keeps on Giving

The recent gold movements can be explained by the increased appreciation of the Chinese currency of late. The USD is a mere stepping stone into the really buyers. In July 2005 (date?) when the London bombings happened gold also jumped and the mainstream media quickly pointed to the terrorist act as the explanation (Pakistan this time) however that day was also the day that China changed their currency policy and started to allow their currency to appreciate. Happy New Year all,
Ross.