As Trade War Escalates, China May Unveil Its Secret Weapon – A Staggering 30,000 Tonne Gold Hoard
KingWorldNews.com
September 02, 2018
With the U.S. President Donald Trump backing another $200 billion in tariffs in the escalating trade war, China may unveil its secret weapon — a staggering 30,000 tonne gold hoard.
The World Is About To See A Big Change
September 2 (King World News) – Dr. Stephen Leeb: “I did not expect gold to dip below $1270-1280. Nor did I expect the aggressive trade tactics on the part of the U.S. toward China. China, too, may have been caught flat-footed as they likely saw increasing American trade pressure as favorable to China on many fronts. That the dollar strengthened in the face of the initial success of the petro-yuan contract is especially surprising. (Chinese traders have begun deliveries of oil against the Shanghai contract.) But, in the end, all it suggests is that loud bluster even with a shrinking stick can have a short-term effect.
As I pointed out, China has adjusted to the unexpected dollar strength by letting the yuan temporarily weaken while keeping its link to gold intact. I think the effects of bluster have nearly run their course and we are close to entering a triumphant phase for gold and the yuan. The rise of gold will likely accompany profound dollar weakness. This brief interregnum in gold’s ascent gives investors another chance to load up on the surest insurance for the coming turbulence — gold…
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