Thursday, July 23, 2015

Jim Rickards' Take on China's Gold

Jim has a different take on China's gold than many gold bugs and bloggers. I find his explanation and analysis makes a lot of sense and in line with the current Chinese political and fiscal policies.

What is China trying to do? What rules are they to play along? Best of all, his final advice on gold price:

"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."


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