China to corner the world’s gold market
Source: http://blogs.moneyandmarkets.com/blog/real-wealth/0/0/china-to-corner-the-worlds-gold-marketPosted on Friday, October 17th, 2008 | In Commodities
In these unprecedented times in the markets I consider gold a “must-own” investment for many reasons, which I’ve mentioned several times here in my blog as well as in my other writings.
But lately, there’s another reason rising to the surface … China is soon going to make some big buys in the gold market.
Take it from me, I’ve met with central bankers, regulators, and gold traders in China and Asia. I know Beijing’s views on the yuan and gold. And all signs point to China gobbling up the precious yellow metal.
To find out why this is one of the chief reasons I am now even more bullish on gold, expecting the price of the precious yellow metal to eventually exceed $2,000 an ounce … and how you can make sure you’re set to profit with all my gold recommendations, click here.
Last 5 posts by Larry Edelson
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- Cautiously, Steelmakers Raise Prices, Reopen Mills - January 7th, 2009
- Dollar’s fall last week is exactly what I’ve been warning about! - December 15th, 2008
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![]() About Larry Edelson (http://blogs.moneyandmarkets.com/blog/real-wealth)
With nearly three decades of experience in precious metals and natural resources markets, Larry Edelson has played a pivotal role in training Weiss Research staff and in guiding Weiss Research’s customers to prudent investments in the sector. His Real Wealth Report, Gold Trader Hotline and Energy Options Alert provide a continuing education on natural resource investments, with recommendations aiming for both profit and risk management. His team of technical analysts helps enhance the timing of investment recommendations with the aim of continually improving the performance results for investors. Mr. Edelson is also a regular contributor to the daily e-letter, Money and Markets. Recognized as an expert in precious metals and natural resources, he is often called upon by the media for his investing views. Mr. Edelson has been featured on Bloomberg, Reuters, and CNBC as well as The New York Times, New York Sun, and Marketwatch.com Mr. Edelson holds a B.A. degree from Columbia University. |




