The Phaserl


One Country that MUST Buy Gold to Survive

by Jan Skoyles,

There is much attention paid to China and their relationship with gold. As we have written about many times before, the amount of gold that is imported by China continues to take us by surprise. But, not only are they demanding more physical gold than can be mined, each year, they are also positioning themselves as major players in the gold market. The launch of the Shanghai Free Trade Zone, the permissions given to foreign banks to import gold, not to mention the voracious appetite for mines abroad.

In the article below, Dan Amoss of the Daily Reckoning outlines just why China might be quite so keen to get their hands on as much of the yellow metal as possible.

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