Peter Schiff is saying that the treasure of the West will be sent to the East to pay off the banker scum. That Portugal’s central bank or Gov’t will sell its gold to China/Chinese central bank. The gold will not really be sold on the free market, anyhow certain central banks (China Russia etc) are the largest gold buyers these days. Along with India whose population buys gold.
Gold leaves the weak hands of degenerate borrowers who are not producing (Spain, Portugal) and is sold to those who produce be it China, Russia, Brazil etc
Yep.