by Brittany Stepniak, Outsider Club:
If the Federal Reserve doesn’t single-handedly murder the U.S. dollar, China will. And it’s going to do it with the dollar’s antithesis…
It’s going to do it with gold.
In case you haven’t noticed, gold prices are soaring in lieu of bearish bank reports, jumping over some key resistance levels including “the psychologically important $1300 an ounce level.”
Meanwhile, China quietly took the globe’s #1 spot as top gold consumer this week. Moreover, the stockpile of gold presently in China is still less than half of that in India (previously the world’s biggest gold consumer)… so there’s plenty more room for serious growth in the months to follow.
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