China To Adopt Gold Standard?

Sharing is Caring!

Alasdair MacLeodHead of Research at GoldMoney, interviewed by Elijah Johnson of Silver Doctors

The coming credit crisis will hurt China’s economy the worst, MacLeod says. He proposes that China should issue a perpetual bond. The coupon on that bond would be payable in Yuan or gold at the users choice. If this were to happen, it would undermine the Dollar and send gold higher.

See also  China Cracks Down on Shadow Banks

Why does MacLeod believe China is headed toward a gold standard? He gives many reasons including: China has been acquiring gold, is the largest gold miner in the world, doesn’t allow gold to leave, and has the biggest physical gold delivery market.

See also  China Is Kicking Out Over Half the World’s Bitcoin Miners

791 views

Leave a Comment

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