This is an interesting part of the above article
"At the same time we've seen a loss of confidence in Fed strategy. There is a feeling that the Fed doesn't care about inflation – in fact, wants more of it – and that is certainly not in the interest of bondholders," he said.
China is the largest foreign US treasury bond holder.
Only last week it was said that China has imported 5 times more gold this year than last year. China, the largest producer of gold (300tonnes/year) has stopped exporting it's gold, silver and a lot of it's rare earth metals. They have been actively encouraging the 1.3billion citizens to buy gold and silver.
This is good news for anyone who holds precious metals.
This is good news for anyone who holds precious metals.
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