``The chart below showing monthly net Chinese imports of gold from Hong Kong shows an exponential curve. This is China taking advantage of the stupid manipulation of gold prices by central banks to accumulate more real assets at low prices.... The 30-year bull market in US treasuries is history and now heading in the opposite direction. It makes excellent sense to be out of bonds in a falling market, and that is what the Chinese have been doing by buying gold.'' -- Actually the Chinese gold-buying curve is hyperbolic, which is even more extreme (bullish).

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