King World News-Expect Massive Chinese Gold Buying Using GLD

Posted: February 8, 2011 in Current Events, Gold, Investing, Precious Metals

Asian billionaires always seem to be strategizing on how they can acquire more physical gold.  Eric King from KWN has a reliable london source, who explains the new strategy for Asian buyers is load up on ETF GLD, than tender the shares for immediate delivery.  From King’s source: “So the Chinese have a new method.  They are now planning to buy tremendous amounts of the ETF GLD.  They will then tender the GLD shares for immediate delivery of the gold.”

Full Article Here

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