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Gold Price - Where is it heading?

So in the DDD thread, discussed is the 'loan-to-own' policy originated by China and now being copied by Trump and the US (this is the Argentina bailout via extending USD swap lines to Argentina).

China is the arch proponent of this strategy.

What has happened to the Gold/Yuan exchange ratio?




So if the US is now HAVING to play this game (they do and they are) then the Gold/USD exchange ratio will do exactly the same thing.

So x4 Gold in USD = $12,000oz. It will take some time obviously, but this is a non-negotiable fundamental driver (one of a few) that will continue driving the POG in USD terms.


jog on
duc
 
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