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India and China are buying gold: https://www.msn.com/en-us/money/markets/india-and-china-move-away-from-us-treasuries-as-gold-becomes-strategic-anchor/ar-AA1Uzv
by bhouston 9mo ago
India and China are buying gold: https://www.msn.com/en-us/money/markets/india-and-china-move-away-from-us-treasuries-as-gold-becomes-strategic-anchor/ar-AA1UzvRK?ocid=finance-verthp-feeds https://www.msn.com/en-us/money/markets/india-and-china-move.... Good time to be a gold bug.
- nradov 9mo agoThere's literally not enough gold in the world to make a difference at those scales. And while gold can serve as a (relatively) safe store of value, ultimately investors need to earn returns and holding gold has negative cash flow.