[DeaconBenjamin]

Why does Hong Kong and Sydney want to rocket up the price of gold? I understand that Australia is a major source of gold, and that Hong Kong merchants are probably well-endowed, but does that explain what we see?

[rohry]

"Why does Hong Kong and Sydney want to rocket up the price of gold?"

They don't want to "rocket up" the price of gold. Chinese and Muslim buying is the answer. They are buying our gold to get out of the "dollar reserve" currency. They will sell dollars and buy gold as reserves...

[StockAyatollah]

Hong Kong merchants are probably well-endowed

Well maybe they should work in porno rather than gold speculation. Here's a gold thread for you gold bugs.