We don’t know exactly what China’s plans may be, but it would not be surprising in the least if they’re preparing now to pounce at the next crisis, particularly a monetary one.
Here we have an image from 2008. It records a Zimbabwean, making a visual comment on the fact that, in a matter of months, his country experienced government–driven hyperinflation that left him broke.
Last week, I laid out four reasons for why this gold rally will be bigger than anything we’ve ever seen. I explained how central banks are buying up piles of gold… how China is using the metal to remove its dependence on the U.S. dollar… and why the Fed’s shifting strategy is bullish for the sector.