China’s Largest Banks Limit Access To Gold & Silver Investments To Cool Gold Market, I Smell Fear
- Silver Report Uncut
the largest Chinese banks have begun limiting investment in silver and gold to “protect” investors from “price volatility according to them. Global money supply has increased at a record pace and gold price has been on a tear recently. The truth is it seems investors are losing faith in fiat currencies and this is attempt to defend a clearly inferior money. in China gold investment is a niche market and a lot of investors gain exposure to silver and gold via gold etf’s offered by the banks. These actions draw attention to a couple interesting aspects in gold markets, one, gold investment demand is strong enough to send fear into the hearts of bankers and currency manipulators and gold has risen as a better global alternative to fiat monies. The stated purpose is to cool the surge in gold markets as prices have notched all time highs in every major currency since they began the great debasement. I don’t think these actions will be the last nor the strongest should the rise in gold demand continue to compromise faith in local currencies and central banking around the world.
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