TSX:LSG.DB - Post by User
Post by
rockmstockmon Mar 20, 2014 10:07pm
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Post# 22349256
China's transition. Gold demand will only increase.
China's transition. Gold demand will only increase.
https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/20_Gold_%26_The_Last_Financial_Advice_John_Templeton_Gave_Me.html
Saut added: “I’m one of the people who doesn’t think China implodes. Overnight China’s State Council said they were going to accelerate their infrastructure spending in order to stabilize growth. They said they were going to ‘seize’ the moment to roll out these projects, and stabilize domestic demand and growth.
So I just don’t think China is going to implode. It’s clear that their growth rate is slowing. A couple of bankruptcies we have seen over in China have raised concerns, but China has massive monetary reserves that will allow them to weather just about anything that happens over there.
China is in the transition of converting from a manufacturing/export driven economy, to a manufacturing and domestic driven economy. You get that kind of slowing and you get these kinds of bumps and grinds in an economy when you make that kind of transition. But China will get through this and emerge even stronger.”