Gold Telegraph
@GoldTelegraph
Flirting with fire. It is getting hot.
“Sometimes being early does not make you wrong.”
Since April, the People’s Bank of China has issued over 10 warnings about the risk of a bond bubble.
Yes, 10.
The country imports endless amounts of gold.
The country is stockpiling gold.
The country is the biggest producer of gold.
It is no secret that China holds more gold than they report.
Five years ago, I said the greatest bubble in the history of the world was the sovereign bond bubble.
My opinion on this remains unchanged.
The rotation from artificially created debt markets to hard assets has already started.
This has been driven by central banks, notably Japan, which will kickstart this event.
A house of cards can only stand being wet for so long.
Gold has time on its side.
