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Mystery gold buyer is betting on geopolitical and financial mayhem
A powerful force is stalking the world’s gold market. It is operating in the shadows. None of the normal footprints are visible on the London bullion market or the Chicago Mercantile. Retail gold bugs have not been buyers: ETF gold funds have been shrinking since December. The crowd is piling into the bitcoin scam instead. Yet gold has smashed through a four-year barrier around $US2000 an ounce, rising in parabolic fashion since mid-February, and hitting an all-time high of $US2431 on April 11. Is somebody preparing for an escalation of the shadow Third World War? “It is not a Western institution behind this. It ... (full story)