We maintain our forecast that should Brent crude spike to around $130 per barrel, the overvalued global equity markets and global economies (which are already weakened) will crash
China's economy unlike the US, is producer-based economy. China does not have a national debt of 34 trillion unlike the US and China's stock market, if it crashes will not take the Chinese physical economy. Secondly, Trends is focused on the US market collapse while urging investors to buy gold,. While the US physical economy that produces food, utilities, energy, fresh water, etc, if it collapses owning gold isn't going to help one bit. It were better if Glass-Steagall were restored.
China's economy unlike the US, is producer-based economy. China does not have a national debt of 34 trillion unlike the US and China's stock market, if it crashes will not take the Chinese physical economy. Secondly, Trends is focused on the US market collapse while urging investors to buy gold,. While the US physical economy that produces food, utilities, energy, fresh water, etc, if it collapses owning gold isn't going to help one bit. It were better if Glass-Steagall were restored.
Gold won't go to zero like the "Federal" Reserve Note. Those with actual meaningful wealth will always buy your gold.