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Gold has surged to record highs above $2,400 an ounce in 2024, with China at the forefront of the remarkable ascent. Geopolitical tensions and lower US interest rates have bolstered gold's appeal as an investment. Chinese demand, spanning retail shoppers to the central bank, continues to drive the rally.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Amidst global tensions and economic uncertainties, China emerges as the powerhouse driving gold to new heights.
“There isn’t much alternative in China. With exchange controls and capital controls, you can’t just look at other markets to put your money into.”
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero