from Birch Gold Group:
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The not-so-hidden Chinese crisis, what we can expect from gold in the near-term, and a reminder on why only gold bullion cuts it.
The Chinese economic slump and the accompanying rush to gold
We’ve covered high Chinese premiums compared to the pricing in the West, with an ounce going for as much as $100 higher in the Asian nation than our own spot. We’ve entertained various theories as to why this might be the case, but Frank Holmes presents us with a straightforward explanation: China is experiencing an economic crisis.