Thursday, June 23, 2016

Jim Rickards*: Gold Is Going 
To Explode Once China Has Enough
5* Rickards essay sees the big picture behind China's strategy & positioning in the world: "China wants to do what the U.S. has done, which is to remain on a paper currency standard but make that currency important enough in world finance and trade to give China leverage over the behavior of other countries." .. he describes what it will take to get to that point for China - one strategic initiative would be getting enough gold to be considered a big player - "a seat at the table" .. "Gold is still the safest asset, and every investor should have some in their portfolio. The price of gold will go significantly higher in the years ahead. But contrary to what you read in the blogs, gold won't go higher because China is confronting the U.S. or launching a gold-backed currency. It will go higher when all central banks, China's and the U.S.' included, confront the next global liquidity crisis, worse than the one in 2008, and individual citizens stampede into gold to preserve wealth in a world that has lost confidence in all central banks. When that happens, physical gold may not be available at all. The time to build your personal gold reserve is now."
LINK HERE to the essay

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