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Alasdair Macleod: Chinese banks accumulate gold as interest in bullion drops in NY and London
Alasdair Macleod observes that disinterest in gold and silver has reached all time lows in New York and London.
He adds that this has enabled Chinese banks to expand their bullion holdings to support their customers’ gold accumulation accounts.
Macleod previously cautioned investors about a possible rapid collapse in the U.S. dollar and G7 currencies. He also identified new catalysts in gold and silver as prices fell below 2008-2009 lows. These earlier observations add context to the recent low levels of Western interest in precious metals.
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