What we know for sure is that there is a concerted buying campaign by the BRICS nations when it comes to gold. They are buying as much as they can because they know what is coming. China, in particular is a major buyer as it understands the economic reality that is seemingly not understood in the West.
China and others in the East and the BRICS understand the basic principle, ‘He who has the gold makes the rules’. That is something we should all bear in mind during this reaction in gold.
Jim has said many times that a great levelling is occurring and will continue to occur to play out over the next few years. That is why he is pleading with his readers and those who attend his Q&A sessions to exit the system. His call to GOTS is not made lightly as he knows it is a difficult concept for many to grasp and then take the required action.