from Birch Gold Group:
From Peter Reagan at Birch Gold Group
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Western gold is going East again, precious metals’ expert’s take on Bitcoin and gold, and gold is dead alongside crypto, apparently.
Once again, gold is flowing out of the West, into the East
You’ve heard the old saying, “He who has the gold makes the rules.” Keep that in mind as we discuss this story…
There’s a widespread, longstanding notion of Western gold being sold East, to China and India and even the Middle East. Is it true? Honestly, it’s open to debate. Some believe the world’s gold supply moves back and forth across borders cyclically, in a long slow migration that takes decades. Others hold there is a broad and ongoing flow of gold bullion, one that has been underway for years or even decades, and that net gold sellers are making a historic mistake.