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Albert Cheng: Gold Markets Move East | McAlvany Commentary

from McalvanyFinancial:

This week:
– As Chinese income increases, so will gold demand
– Chinese gold demand up six fold in just ten years
– As demand increases, supply can lag by six years

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1 comment to Albert Cheng: Gold Markets Move East | McAlvany Commentary

  • rich

    2013 The Year of JP Morgan – ‘The World’s Only Enduring Currency’

    There are some very good reasons why China and India and quite a few of the new emerging economies are seeking safe havens from the dollar. It is not because ‘they hate our freedom.’ It is not because ‘they are ignorant of economics.’ It is not because ‘they are a bunch of gold bugs.’

    It is because the Western financial system is become a shell game of frauds, and is largely unreformed. And the dollar has become a vehicle for exporting these frauds to the rest of the world. If you do not understand this, you can understand little of what is going on, and will understand little of what will happen next.

    But to paraphrase Upton Sinclair, sometimes it is difficult to get a man to understand what his paycheck encourages him not to see.

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