CGSE’s new gold appetite
By GCRU Gold News on Saturday, November 3 2018, 05:48 - Permalink
The broad market expectation is that demand for gold will only increase as China pushes ahead with its Belt and Road initiative and other nations start to benefit accordingly.
“As these countries become more affluent, they will need to buy gold for their reserves to back their currencies and economies,” Cheung says. “For that reason, we are in talks with countries along the Belt and Road corridor, and our progress in building the Asian gold hub is gaining pace.”