ChiComs have alot of gold.
They’ll say screw the Yaun
and we’ll base our economy
on gold. Good luck with that.
“ChiComs have alot of gold.
They’ll say screw the Yaun
and we’ll base our economy
on gold. Good luck with that.”
Nobody has enough gold to save China or base their economy on gold.
All the tea in China, so to speak.
Interesting point, but what do you think will happen to the price of gold if China starts dumping large quantities of it onto the market to substitute for hard currency? Seems self-defeating.
I really don’t think they have a good way out of this in the long run. The only question is whether we’ll maintain our resolve in order to get to the long run. I certainly believe Trump will.