Confirmed: China is the ‘Secret’ Gold Buyer

Arcadia Economics, Released on 11/27/24

After 18 months of consecutive additions to China’s gold holdings, they have now gone several months without reporting any additional purchases. Yet there’s been dispute about whether they are buying gold that they’re not reporting, and in this morning’s show Vince Lanci confirms that they are indeed the ‘secret’ gold buyer.

Vince Lanci is Managing Partner at Echobay Partners LLC. Vince founded Echobay after a profitable career running CiS Options and Berard Capital. The firm is a vehicle for expressing his and “friends and family” personal investment ideas. Echobay also consults on market structure, risk management, and legal cases involving fraud in markets. Vince is also a regular contribute to ZeroHedge.com

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