Substitute the word “oil” for “gold” in this article

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Ambrose Evans Pritchard is the international business editor for The Telegraph newspaper in London, England. His recent article on China and gold echo my own thoughts on China and oil.  In fact, if you substitute the word oil for gold here, you will see why the price of oil can stay very high in relation to market fundamentals.

 

http://tinyurl.com/n3nvrs