Jan 23, 2019 Guest(s): Jeffrey Christian Managing Partner, CPM Group
China has just added to their central bank gold reserves for the first time in two years, and Jeffrey Christian, managing partner of CPM Group, said that China has been very transparent with with their purchases, potentially signaling higher prices for gold.
"Anybody who questions what the PBoC is doing and saying they can't get a grasp on it, and they don't know if the PBoC is being honest, doesn't know anything about the PBoC's China gold policy," Christian told Kitco News on the sidelines of the Vancouver Resource Investment Conference.
Christian added that central banks, and the PBoC in particular, have had a track record of buying gold when they believe prices are at a low.