The Rising Influence of Rising Affluence

[Titan V]

Gold remains the only asset on the planet for which China can buy 50-75% of global mine output for 6 straight years and have the price do...nothing.

Cash-settled futures on a monetary asset doing their job (dampening prices) = None of this will matter until it matters.

Gold remains the only asset on the planet for which China can buy 50-75% of global mine output for 6 straight years and have the price do...nothing.

Cash-settled futures on a monetary asset doing their job (dampening prices) = None of this will matter until it matters. https://t.co/iqdAIEGJE8

— Luke Gromen (@LukeGromen) December 7, 2018

Interesting thread/debate on Twitter.