Surely China’s economic model, which generates structural trade surpluses, would cause massive gold outflows and therefore preclude a gold-backed yuan?
Great conversation gents; Michael Pento’s book on the coming bond market collapse was over a decade early, but likely prophetic in terms of point number three.
China has structurally shifted demand. 🪙
Surely China’s economic model, which generates structural trade surpluses, would cause massive gold outflows and therefore preclude a gold-backed yuan?
Great conversation gents; Michael Pento’s book on the coming bond market collapse was over a decade early, but likely prophetic in terms of point number three.