The good thing about price suppression of gold is it allows more accumulation by us small fry at low prices.
Rickards says the demand for private gold storage facilities (non-bank) is massive, and in Switzerland they're converting former underground bunkers from the Cold War era into gold storage facilities. He says the various gold bullion producers over there can't keep up with demand from China and elsewhere.
Rickards says China wants to keep gold prices low while they aggressively accumulate to reach parity with the US (8000 tons). While the new Chinese gold exchange system will break the London/New York monopoly on setting the gold price, for now the Chinese want to keep the gold price low. But you have to wonder what will happen if they do the maxi devaluation of the yuan.
Either way, those banking bail-in laws weren't put in place for nothing, so the bankster cabal know the SHTF is coming, but whether it will be engineered preemptively (to bring in the SDRs) is another question..
