Forbes/Clem Chambers/8-24-2022
“The Russian war chest may likely be holding gold back and for me the strategy is to accumulate, because either the conflict ends or the war chest empties or both, and with a lot of inflation in the meantime, when that occurs gold will go up a lot. Unless better long term opportunities come by, a fair chunk of my portfolio will be golden.”
USAGOLD note: Chambers’ hunch, which we featured in Friday’s DMR, may have been prescient. The Moscow Times reports that Russia has been selling gold to China – at a 30% discount to spot! It’s more about the bear and the dragon than the bear and the bull.
