By Bill Holter – Re-Blogged From http://www.Gold-Eagle.com
As an addendum to yesterday’s writing, today we should tie together the new alliances and what appears to be Western defections toward the East. Just overnight, Australia also applied for membership to the Asian Infrastructure Investment Bank (AIIB), a U.S. rebuke is sure to follow, who is next? With this in mind, it is my belief the Chinese will be the key player in the gold market and the “pricing” of gold in the future. In turn they will gain even more financial strength because of the massive amounts they have already accumulated. As a side note, do you believe it is by mistake China is now the largest gold producer in the world? I think not. I will give you my theory first, then work my way toward supporting it.