by Peter Schiff, Schiff Gold:
In investing, “Buy low, sell high” is among the most well-known sayings, and generally, it’s good advice. But with gold still holding near its historic all-time highs, central banks led by China are bucking the classic adage and smash-buying more, buying the top to fortify themselves against a global monetary and financial blow-up.
Last month marked the 17th in a row that the People’s Bank of China (PBOC) continued stacking gold. Notably, the bank typically reports lower numbers than its actual buying volume and is now also introducing a digital yuan to facilitate cross-border gold settlements.
Iran has reportedly readied more than 100 cruise missiles as part of an ‘imminent’ strike on Israel after the US moved more forces into the Middle East over fears an attack could spark a full-scale war.
