Maybe, one morning, we will all wake up to this, and if your bets have not already been placed upon the casino table of shares, then it will be impossible to be in the game?
https://www.zerohedge.com/news/2019-06-21/financial-war-escalates
China must therefore counter dollar strength by means other than simply raising interest rates. Inevitably, the solution points towards gold. Everyone knows, or at least suspects that China has accumulated significant undeclared reserves of gold bullion. The time has probably come for China to show her hand and declare her true gold reserves, or at least enough of them to exceed the official gold reserves of the US.It is likely a declaration of this sort would drive the gold price significantly higher, amounting to a dollar devaluation. By denying gold is money, America has exposed itself to the risk of the dollar’s reserve status being questioned in global markets, and this is China’s trump card.If Xi attends the Osaka G20 at the end of this month, the purpose would be less to talk to Trump, but more to talk to the other leaders to make it clear what the Americans are up to and to ensure they are aware of the consequences for the global monetary system when China takes positive action to protect her own currency and domestic capital markets.
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Price($) | Vol. | No. |
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