"Eric King: “John you had mentioned to me before we went on the air that one of the reasons Goldman (Sachs) may have made that call (for the end of the gold bull market) is because they are trying to buy gold for China on the cheap. I know you’ve seen the chart from Egon von Greyerz that shows Chinese gold production, plus net imports. It’s a shocking chart when you really look at the growth there.”
"Hathaway: “Absolutely. Look, it’s not just China. Central bank buying, I’ve seen it in a couple of places and we track it, has really picked up. So what does that tell you? It tells you that people who are long our paper, they are starting to get it. ..."
"Hathaway: “Absolutely. Look, it’s not just China. Central bank buying, I’ve seen it in a couple of places and we track it, has really picked up. So what does that tell you? It tells you that people who are long our paper, they are starting to get it. ..."
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If you missed this piece by King World News from a couple of days ago it's worth a second look. Whenever there's weakness some of the globes biggest central banks are buying.