In case anyone was wondering what the Chinese government is up to, this is exactly how China plans to send they price of gold skyrocketing.
China Continues Its Massive Accumulation Of Gold
Stephen Leeb: “At the moment, a stack of about 25 recently published books teeters on the floor next to my desk. They’re all about China: its rise, its economy, its plans for the Silk Road. And not one of them talks about gold. This happens to be very good news for me, since I’m proposing to write a book about China and gold, and prospective publishers want to know I haven’t been beaten to the punch.
But more relevant to gold’s prospects, it also shows how craftily the Chinese mask their ambitions, in line with Sun Tzu’s “The Art of War” and more recently Deng Xiaoping. Echoing Sun Tzu, Deng said China must “observe developments soberly, maintain our position, meet challenges calmly, hide our capacities and bide our time…never claim leadership.”
That quote appeared in one of those books by my desk, “When China Rules the World,” by the well-respected and extremely knowledgeable Martin Jacques. It’s an informative, well-researched book that didn’t mention gold once in its more than 500 pages – ironic given that China is now following Deng’s advice brilliantly with respect to its plans for the metal…