"...So this is a golden opportunity to buy and I would take advantage of it. Could gold get just a little bit cheaper? Maybe, but I don’t think there is much downside because I maintain that there is a bid underneath the gold market from the Chinese. I think the recent Russian purchase of gold is yet another indication that the Chinese are willing to support the price because the Russians and the Chinese are working together right now. So for those who are long-term planners, like the Chinese, and you see the price of gold has dropped, you have to accumulate more gold on these dips because that’s what China is doing.”
at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/2_What_Germany,_Russia_%26_China_Are_Doing_As_Gold_Plunges.html
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