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“I’ve never seen this degree of institutional investment in gold before…”
China has a voracious appetite for gold. Since 2009, it’s added 765 tons to its gold holdings. It’s the world’s largest gold producer and its largest gold importer. And yet… it turns out Russia has been on an even larger gold-buying binge.
Over the same time, Russia’s added 880 tons to its gold reserves. That’s 15% more than China. And as The Palm Beach Letter’s Teeka Tiwari explains, it suggests a startling global inflationary environment ahead…
Get the details from “Big T” in today’s 3-Minute Market Minder.