Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

China Understands the Safety of Gold – Do You?

  by    0   0

The media has stirred up a lot of fear about the possibility of actually going over the fiscal cliff in the new year. However, Peter Schiff maintains that the cliff is an essential step in repairing the economy. He also continues to stress how much safer gold is than dollar-denominated assets, especially Treasuries:

There is no question that the Treasury market is a classic bubble. The prices make no sense, fundamentally. The US government is able to borrow at much lower rates today than it could five…[to] thirty years ago, despite the fact that it is less credit worthy today than it was back than…It’s a mania. People are buying because they expect a greater fool to pay an even higher price. And eventually it’s going to burst. And when it does burst, it’s going to have a much greater impact on the global economy, and particularly on the US economy and the average American, than did the bursting of the real estate bubble or the internet stock bubble.”

Some news from China in the past several weeks drives home just how out of touch Americans are when it comes to understanding the value of gold. Check out the following articles and commentary. In China, the demand for gold is rising and the government seems to officially recognize it as real money. The last piece, by Jeff Clark at Casey Research, is a fascinating examination of the Chinese mindset towards gold.

China eyes 450 T gold output in 2015, consumption to rise 

China Moves Forward in Opening Gold Market

Casey Research: How Do the Chinese View the Gold Market?

Get Peter Schiff’s latest gold market analysis – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning more about physical gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!


Related Posts

Dollar Down 20% Since 2020, Biden Blames Greed

Assuming CPI measurements are not understatements, the dollar’s value has plummeted by a staggering one-fifth since 2020, yet, rather than acknowledging its role in fueling this economic turmoil, the Biden administration deflects, casting capitalism and corporate greed as the villains. The latest February CPI data show more signs of the upcoming inflation bloodbath.

READ MORE →

The Myth of Fed Neutrality

Powell follows the president's wishesThe Federal Reserve is often viewed as a neutral guardian of the economy, tasked with safeguarding employment and ensuring stable prices. However, the Fed is run by individuals who, like anyone else, are swayed by certain motivations. Do the people behind the Fed truly have the incentive to remain impartial? Our guest commentator demystifies the […]

READ MORE →

Massive Deficit Spending Tows US Economy Forward

A truck titled "US gdp" tows along another car, the US economyRampant government spending continues to mask fundamental weaknesses in the US economy. Recently, national debt grew much faster than the economy for the third quarter in a row, just one of many warning signs concerning legendary investors. Our guest commentator explains just how much the government is spending to make the economy seem strong, even […]

READ MORE →

Ten Recurring Economic Fallacies, 1774–2004

In a compelling guest piece by American historian H.A. Scott Trask, various economic myths are scrutinized and debunked through insightful historical analysis. The article delves into #10 prevalent misconceptions, providing a nuanced understanding of economic principles. Similar to other reality-based historians, Trask’s perspective serves as a valuable guide in dispelling lies and fostering a more […]

READ MORE →

Why Americans Don’t See A Healthy Economy

Article picture showing economy is unhealthyThe US economy is bloated. Years of massive spending and stimulus fed government bureaucracy and elites, but left behind record-high debt and stagnant income for everyone else. It’s no wonder Americans don’t see a healthy economy. Our guest commentator delves into this disconnect.

READ MORE →

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Call Now