OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

A Quote from Pierre Lassonde

Posted by Ororeef @ 9:26 on July 13, 2015  

that is still VALID

The catalyst for gold reaching let’s say close to 1 or 2:1 [on the Dow/Gold ratio] I think will be inflation in China … [since] they’re finding themselves to be not as competitive as they used to be especially against India, Bangladesh, Indonesia and other countries. And what could cause inflation to really perk up in China is a devaluation of the renminbi. Now if they devalue the renminbi, you’re going to have real inflation in China; you’re going to have Chinese rushing to the gold exchange market and you could have a real run on gold at that point in time.


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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.