The Fed was forced to sell it, and China and other nations have been on a MASSIVE gold buying spree the last 5 years.
“The Fed was forced to sell it,”
No, the Fed chose to sell it.
, ***and China and other nations have been on a MASSIVE gold buying spree the last 5 years. ***
I remember the early 1970s when FRANCE was buying all the US gold it could at $32.00 an ounce.
So they loaded the bullion into trucks and onto a cargo ship? I’m clueless here.
per an advertisement China recently completed a storage vault that will hold 200,000 tons of gold. just like a horse, gold is only worth what someone is willing to pay for it and if necessary one can eat a horse