OTCQX:ELYGF - Post by User
Post by
jimbojimon Dec 04, 2020 9:15am
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Post# 32035806
POG and China
POG and China
I recently purchased Steven Leebs "China's Rise and the New Age of Gold". It is an excellent read.
The takeaway is that China"s Belt and Road Initiative will be a HUGE inducer to gold prices because of the massive demand for infrastructure metals leading to huge inflationary price increases .
Gold does very well in inflationary markets.
Just look at the rising price of copper and iron ore.
Leeb also argues that China plans to digitize the yuan with gold backing.
He sees the eventual price of gold reaching $18,000 or more.
This projected POG is in agreement with the predictions of James Rickards.
Things are looking up !