The coming credit crisis will be the catalyst for China to adopt gold into their monetary system, says Alasdair MacLeod of Gold Money.
The coming credit crisis will hurt China’s economy the worst, MacLeod says. He proposes that China should issue a perpetual bond. The coupon on that bond would be payable in Yuan or gold at the users choice. If this were to happen, it would undermine the Dollar and send gold higher.
Why does MacLeod believe China is headed toward a gold standard? He gives many reasons including: China has been acquiring gold, is the largest gold miner in the world, doesn’t allow gold to leave, and has the biggest physical gold delivery market.
FINANCE AND LIBERTY:
Support us ►https://ift.tt/2shkvia
SUBSCRIBE (It’s FREE!) for more ►https://ift.tt/16HjjVB
Like us on Facebook ►https://ift.tt/1gNQcC0
Follow us on Twitter ►http://twitter.com/Finance_Liberty
Google Plus ►http://bit.ly/FNL_Gplus
DISCLAIMER: The financial and political opinions expressed in this video are not necessarily of “Finance and Liberty” or its staff. Opinions expressed in this video do not constitute personalized investment advice and should not be relied on for making investment decisions.
View on YouTube
Conspiracy Daily Update 