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0 Why Is China Buying Gold?

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Why the Chinese are buying record quantities of gold:

A better explanation for the gold-buying binge of Chinese citizens is that they are using the shiny commodity as an inflation hedge, as the Financial Times recently suggested. Yet the buying of gold has increased while inflation has eased.

Inflation has not eased. In fact, if you check out ShadowStats, you’ll see the US sitting at about 10-11% actual inflation while the government says inflation is much lower.

The world is inflating it’s money because it can and because wars have to be paid off somehow.

Hope you read the article. The author comes to an interesting conclusion about why Chinese are buying gold… but I think it’s for ALL the reasons mentioned in the article, not just capital flight.

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