1. Thurs am and USD regains some lost ground, now over 101
    Dismiss Notice
  2. Good Thur Morning! To start we have Gold down 9 to 1202, while Silver is down 31 to 1695. We have Crude up on supply info after a big downswing, +31 to 5221. The USD is back above 101 at 101.12.
    Dismiss Notice
  3. Week of 1/7/2017 Closing prices & Chg Over Last Wk---- Gold $1173.40-- UP 21.70 Silver $16.52-- UP 54 Oil $53.99 -- UP 27 TICS USD $102.21 -- DOWN 7 Based on near term futures contract--- At JMB Current price AGE 2017 $1243.95 (1), SAE $19.53 (20)
  4. Added Heartland Precious Metals out of OK and LA to the map, Added Texas Precious Metals, and Added Provident Metals.

China’s Collapse Is Coming, More So Now Than Ever - Gordon Chang

Discussion in 'Topical Discussions (In Depth)' started by Scorpio, Jan 7, 2017.



  1. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

    Joined:
    Mar 25, 2010
    Messages:
    22,034
    Likes Received:
    22,751
    Trophy Points:
    113
    vid interview at link:

    China’s Collapse Is Coming, More So Now Than Ever - Gordon Chang

    Dec 23, 2016

    Guest(s): Gordon Chang
    The world’s second largest economy is on the brink of collapse, at least that’s what best-selling author and Forbes contributor Gordon Chang believes. Author of The Coming Collapse of China, Chang gave his outlook on the country’s economy, which remains grim -- more so now than ever. ‘Chinese leaders have the ability to defer crises,’ he told Kitco News. ‘As they defer them, the underlying imbalances in the Chinese economy are getting bigger, which means when adjustments comes -- which are inevitable -- they will be severe.’ To Chang, China is in more trouble now given America’s overall influence on the country’s economy. ‘[Donald] Trump and Janet Yellen have much more effect on what’s going to go on in China than Chinese technocrats, who are at the mercy of the United States right now.’ And when this collapse happens, gold will move higher, he said. ‘People are going to the dollar as a safe haven and they’re going to go into gold because that has traditionally been where investors go when they’re really nervous.

    http://www.kitco.com/news/video/sho...s-Coming-More-So-Now-Than-Ever---Gordon-Chang
     
    abeland1 and REO 54 like this.

Share This Page