Dollar Distrust Leading To Gold Buying By Central Banks | Rick Rule
Fears of the BRICS currency eclipsing the use of US dollars anytime soon are overblown, says Rick Rule, legendary investor and CEO of Rule Investment Media.
However, foreign central banks are buying massive amounts of gold because of their distrust of the US dollar and other currencies.
This central bank buying has been the main driver for the recent rise in gold prices.
Dollar Distrust Leading To Gold Buying By Central Banks | Rick Rule
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China fills their gold bars with copper